2023-08-29 17:22:42
Gold, this shiny metal whose value has persisted through the ages, today we are witnessing fluctuations in its price. On August 29, 2023, we noticed another dip in its prices, let’s take a look at those numbers and beyond.
The decline in gold prices in Egypt
The Egyptian market faced a decline in the price of 21 karat gold, as it fell by regarding 5 pounds, to reach 2240 pounds. However, consumers should keep in mind the factory prices which may be as high as 7%. In this way, some may find that the price of a gram of gold increases by regarding 60 to 150 pounds, depending on the region and the merchant.
The most prominent gold prices in Egypt
24 karat: record 2560 pounds. 18 karat: amounted to 1920 pounds. gold poundIt rose to 17,920 pounds.
Putting gold on the world stage
Worldwide, we saw similar volatility, with the value of an ounce of gold reaching $1,921. This reflects the general state of the global economy, which directly affects local prices in major markets such as Egypt.
Well, what’s new in the Gold Division? We cannot speculate, but what we do know is that gold remains a valuable investment vehicle, even with such volatility. Therefore, some may find this pullback to be a buying opportunity, while others may see it as a time to sell.
Gold price table in Egypt and globally
caliber The price of gold in Egypt The global price of gold 24 karat 2560 pounds – 21 caliber 2240 pounds – 18 karat 1920 pounds – gold pound 17920 pounds – gold ounce – 1921 dollars
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