Today, gold prices in Egypt are witnessing a rise to levels of 1720 pounds per gram of 21 carat, which is the best-selling in Egypt, with the continuation of the wave of unrest in the market amid momentary changes in the price of the metal due to speculation.
Prices fell again to levels of 1720 pounds for the main caliber, while the prices of the precious metal recorded continuous changes around the clock, which caused paralysis in the market and the tendency of some companies to stop announcing pricing.
Gold prices today:
18 karat recorded 1474 pounds.
21 karat recorded 1720 pounds.
And 24 karat recorded 1996 pounds.
14 karat, a record of 1146 pounds.
And the gold pound is 13,680 pounds.
Sameh Abdel-Hakim, an expert in the gold market and a member of the Gold Division, confirmed that the current prices are exaggerated and there are unacceptable speculations that led to this change in prices and an unjustified rise, while international prices recorded a decline to 1782 dollars compared to 1800 dollars.
He added, in exclusive statements, that the global trend of gold should be influential in price movement, stressing that the coming period may witness a decline in gold in Egypt with the decline in speculation on the precious metal.
Sameh Abdel Hakim pointed out that there are major speculators whose role in determining the price of gold should be limited, pointing out that the government supports pricing discipline and there is continuous communication in order to create a state of calm in the gold market during the coming period.