2024-02-25 18:12:00
Written by Islam Saeed Sunday, February 25, 2024 08:12 PM We publish the latest update in prices gold In the Egyptian market today in evening trading, following a noticeable decline in gold over the past two days, gold also declined by regarding 100 pounds compared to the beginning of today’s trading.
Gold prices in Egypt:
24 karat records 3377 pounds.
21 caliber costs 2950 pounds.
An 18 karat carat costs 2533 pounds.
The gold pound is 23,640 pounds.
Lotfi Al-Moneeb, Vice President of the Gold and Jewelry Division of the General Federation of Chambers of Commerce, revealed that the sharp decline in gold prices over the past two days is due to the significant decline in dollar prices in the parallel market as a result of the government’s announcement of the Ras Al-Hikma deal, which would provide dollar liquidity with which the Egyptian economy will overcome the crisis of unemployment. Availability of foreign exchange liquidity to meet obligations and needs.
Al-Munib added in a statement today that the availability of dollar liquidity will enhance the state’s ability to eliminate the parallel market for currency exchange rates and its ability to provide the production needs and requirements of the various industrial and import sectors.
Al-Munib confirmed that gold prices in the local markets witnessed a sharp decline since the beginning of last week’s trading, as the price of a gram of 21 karat gold fell by regarding 650 pounds, bringing the price of a gram of 21 karat gold to the level of 3,000 pounds, adding that the Ras Al-Hekma deal is beneficial on all levels. To the Egyptian economy, by providing dollar liquidity that will enhance opportunities to end the crisis of the presence of two prices for the dollar in the market.
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