2023-05-21 10:30:00
Islam Saeed Books
Sunday, May 21, 2023 01:30 PM
We publish the latest update in gold prices Today, Sunday, following a noticeable move in the markets yesterday, a gram of 21 carat gold, which is the best-selling in Egypt, recorded 2400 pounds per gram, following the return of demand to rise, specific to the precious metal in Egypt.
Gold prices today:
21 karat records 2400 pounds.
18 karat records 2057 pounds.
24 karat records 2743 pounds.
The gold pound is 19,200 pounds.
Mamdouh Abdullah Massaad, a member of the Board of Directors of the Metals and Gold Division in the Chamber of Metallurgical Industries of the Federation of Industries, announced the success of exporting the first shipment of gold to the UAE market, which amounts to 23 kilos of gold artifacts in the latest shapes and models, as part of the plan to be present in foreign markets and increase exports.
He added, in his press statements, that the shipment of 23 kilos, which was directed to the UAE market today, is just the beginning of the expansion of exports to the UAE as one of the most important markets for gold and minerals in the world, as Dubai is an important exchange for gold, and exporting to it is an important starting point for the presence of products. Egyptian in the international markets.
He added, that the proceeds of exporting gold artifacts return to the market in the form of raw gold, and the face of benefit here is operating factories, as well as obtaining workmanship in dollars, and this means dollar proceeds for the state, and the expansion of export contributes to employing more workers in factories and expanding the operation of factories for additional periods, especially following A decline in the sales of handicrafts in the local market.
Mamdouh Abdullah Massaad emphasized that exporting abroad will not lead to a shortage of gold supply in Egypt, because we export artifacts that have an Egyptian added value, and the gold returns to us in raw form, which we restart once more, and this contributes to moving the market and leads to the operation of various factories.
Mamdouh Abdullah Massad thanked the Minister of Supply, Dr. Ali Al-Moselhi, as well as Major General Ahmed Suleiman, Head of the Stamp and Scales Authority, for the great role in the success of the return of exporting gold artifacts, which is considered a great added value, noting that the Ministry of Supply and the Stamp Authority contributed to facilitating all procedures in front of the shipment of artifacts. exporting.
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