Gold fell to the ground, gold prices witnessed today in Egypt and the Arab countries a state of unprecedented decline following major rises in the past days, as one of the officials in the Gold Division of the Chamber of Commerce explained that there was a clear decline in gold prices in the local market, which began regarding six days ago, amid surprise and astonishment. Millions due to the significant rise in gold that preceded the decline with the rise in global stock prices and the high demand for the supply of gold for fear of an increase in prices, but officials in the Chamber of Commerce explained that the decline in the price of gold currently is due to an increase in supply more than the need for citizens and this led to clear decreases in prices .
Gold price today, Sunday
Amr Al-Maghraby, a member of the Gold Division in the Chamber of Commerce, pointed out that he gave great advice to citizens to buy gold in that period as a safe haven for saving, as its purchase price increases in the long term, but this period is considered the most ideal for those who want to save in the long term, but not in the short term. Whereas, gold prices fell in the early morning trading, and the price of an ounce reached 1700 dollars.
Today’s gold prices were as follows:
- The price of 18 karat gold records 921 pounds.
- 21 carat records 1075 pounds.
- 24 carat records 1228 pounds.
- The price of the gold pound is 8600 pounds.
gold workmanship value
The value of the workmanship of gold in Egypt varies from one place to another and according to the quality of gold and the various calibers, as the prices offered for gold in Egypt are the prices of gold without workmanship. It is between 7% to 10% of the price of a gram of gold, and gold is one of the most popular metals for purchase among many individuals, especially those who are regarding to get married, investors and businessmen.