Gold prices on Thursday hit 687 pounds per gram of 21-carat, the main caliber in the goldsmiths market in Egypt, while the ounce of gold is stabilizing at 1594 dollars.
Gold Price in Egypt:
The price of a gram of 18 carat gold record 588 pounds.
The price of 21 caliber today 687 pounds per gram.
Record 24 caliber price 785 pounds per gram.
The price of gold pound 5496 pounds.
Gold ounces $ 1494.
Since the beginning of this month, the precious metal has been experiencing turmoil between ups and downs, but the decline was greater than the upward wave, due to the convergence between the US and Chinese administration and the approach of the lull between the two largest economies in the world. Reduced demand for the precious metal as a safe haven.
Dr. Wasfi Amin, head of the General Division of Gold, said that gold prices fell for four consecutive sessions, which affected the prices in the goldsmiths markets here in Egypt, pointing out that there is a tendency for investors to risk and not continue to buy gold as one of the best safe havens, reduces demand Gold, which leads to falling prices.
Wasfi told Al-Youm Al-Sabah that there are high hopes for investors that stimulated the global economy in light of the high expectations of a possible calm in the trade war between China and the United States. This escalation made the price of gold rise to the highest rates in six years, and made gold rise in Egypt for more than 700. Pounds for grams without workmanship for the first time in history.