In the past few days, local markets and Egyptian goldsmiths’ shops witnessed a state of instability in gold prices, as the price of a gram of gold rose insanely during the evening trading of the previous Thursday after the meeting of the Central Bank of Egypt, and the price of a gram of 21 carat, the most traded in the Egyptian market, rose to a level of 1900 pounds. , While a gram of 24 karat gold exceeded the level of 2000 pounds, after which prices fell during the end of trading today, Saturday, December 17, and the price of a gram of gold decreased clearly in the goldsmiths’ shops, and the Gold Division confirmed that the prices of gold bars also recorded a noticeable decline today at the end of trading.
A sudden collapse in the price of gold bullion today, Saturday, December 17th
The Gold Division added that the price of the 100-gram gold ingot declined significantly, and the price of the ingot decreased by approximately 12,500 pounds compared to its price during yesterday’s trading, Friday, during which the 100-gram gold ingot recorded a level of 210,200 pounds, according to reports and data announced by the Gold Division.
Many investors tended to invest and save in gold bullion, as it is the only safe haven for them, and with the decline during the previous days, the goldsmiths’ markets experienced a recovery in the buying and selling movement unlike in the past, and the Gold Division stated that gold bars of various weights were recorded at the end of today’s trading, Saturday, the following prices :
- The price of a 1-gram gold bar is recorded today at 1977 pounds, equivalent to 62.24 US dollars.
- The price of a 2.5-gram gold bar is recorded today at 4942.5 pounds, equivalent to 148.54 US dollars.
- The price of a 10-gram gold bar is recorded today at 19,770 pounds, equivalent to 581 US dollars.
- The price of a 20-gram gold bar is recorded today at 39540 pounds, equivalent to 1155.4 US dollars.
- The price of a 50-gram gold bar is today at 98,850 pounds, equivalent to 2,868.88 US dollars.
- The price of a 100-gram gold bar is recorded today at 197,700 pounds, equivalent to 5,726.45 US dollars.