Ehab Wassef chief confirmed Precious Metals Division in the Chamber of Metallurgical Industriesthat gold prices Globally, it rose by 20% from 1/1/2022, and that gold was in the range of 784 to 892 pounds for 21 karat.
And he stressed, during a telephone interview, “dmc” satellite program, that there is an agreement to support gold, leading to the stability of its price, with the aim of revitalizing the Egyptian industry, and supporting the local product, by overlooking part of the manufacturers’ profits in order to revitalize the market.
Wassef said that this was an agreement between the members of the council Precious Metals Division All manufacturers, whether workshops or factories, must not increase any wages on gold processing factories during the coming period.
The head of the Precious Metals Division explained that if someone exaggerates the prices of gold, it is a matter of supply and demand, adding that the Precious Metals Division is working hard to maintain those prices, and not to exaggerate them.
Read also | Gold prices in the middle of trading on Saturday, March 19th
She had seen gold prices In the middle of transactions today, Saturday, March 19, inside the goldsmiths and jewelry shops in the Egyptian market, a state of stability, due to the holiday gold exchange On Saturday and Sunday every week.
This has fallen off yellow metal prices Globally, by the end of the week’s trading, by 1.09%, as the price of an ounce stabilized at the closing at 1921 dollars, while the price of a gram rose in the middle of today’s trading in the local market slightly, which did not exceed the pound.
Turn off gold prices Locally and globally, there is a state of volatility and instability, as a result of the impact of the Russian-Ukrainian crisis on the markets, and prices often tend to rise, due to the demand of investors to buy the precious metal, which remains the safe haven, the best investment pot and the most important store of value.
Lightning gold prices In the Egyptian market, in the middle of transactions today, Saturday, inside goldsmiths and jewelry stores, according to the website (Gold Price in Egypt), 21 karat is regarding 892 pounds per gram, and 18 karat is regarding 765 pounds per gram, and 24 karat is regarding 1.019 pounds per gram, and 14 karat scored regarding 595 pounds, and caliber 12 regarding 510 pounds, and the gold pound is 7136 pounds.
In addition to the price of a gram in gold and jewelry stores, the price of workmanship, which varies from one merchant to another, and from one governorate to another, according to the size and shape of each gold piece, and the value of workmanship ranges from approximately 3 to 7% of the gram price.
