2023-05-26 10:30:00
Islam Saeed Books
Friday, May 26, 2023 01:30 PM
witnessed gold prices In Egypt, it declined compared to yesterday’s trading, in response to the decline in the global ounce prices, in light of the local pricing approaching the global pricing during this period, which is devoid of driving factors for the local market.
Record the price of gold 21 caliberThe most common – today 2330 pounds per gram, down 30 pounds from the highest price it recorded yesterday at 2360 pounds per gram, while the price of the gold pound recorded today 18640 pounds.
Gold prices today:
21 karat records 2330 pounds
18 karat records 1997 pounds.
24 karat records 2663 pounds.
The gold pound is 18,640 pounds.
The current decline in gold prices comes in light of the great stability of the local markets and the absence of factors that cause sharp fluctuations in the markets, which drives the price of gold locally to trade according to changes in the global markets.
The recent initiatives taken by the concerned authorities, led by the initiative to allow gold imports to enter without customs duties, helped to greatly stabilize the markets and increase the local supply of gold ore to achieve a balance between supply and demand in the markets.
On the other hand, the domestic demand witnessed some stability in the current period after the gold markets were able to absorb the large demand that resulted from the cash liquidity to entitle the 18% certificates, which is the demand for gold, which caused gold to rise to a record level at 2800 pounds per gram.
The return of gold to these levels may require a large purchasing momentum and a large movement in the markets that may result in the event of a significant change in the exchange rate of the pound against the dollar or an increase in the liquidity of citizens in a way that increases the demand for gold as a safe haven and store of value, according to an economic report.
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