Gold prices stabilized in Egypt, during today’s trading, as the price of “21” carat amounted to about 1215 pounds, while “24” carats scored about 1389 pounds, and “18” carats scored about 1041 pounds.
While the price of “14” carat gold amounted to about 810 pounds, the value of the gold pound reached 9720 pounds, and an ounce recorded 1878 dollars on international stock exchanges.
To the official gold prices, on average, between 60 and 100 pounds is added to the value of workmanship and stamping, which the traders or the owner of the goldsmiths shop obtain. 1101 pounds, and the price of “14” caliber reached 870 pounds.
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The Gold Division denies stopping the commercial movement.. and confirms buying and selling is proceeding at its normal rates
Eng. Hani Gayed, Head of the Gold Works Division at the Cairo Chamber and Head of the General Division of the General Federation of Chambers of Commerce, denied what is currently being reported about stopping dealing in the gold market “buying and selling”.
“Good” said that this news is completely shameful, and has no basis in truth, and that it is a rumor whose purpose is to destabilize the gold market, and that the commercial movement is proceeding at its normal rates and gold prices are subject to the mechanisms of supply and demand, like any other commodity.
The head of the division revealed that such rumors aim to destabilize the state of stability that the market is going through, which affects this sector negatively and then the national economy, given that the gold sector is among the basic sectors of our national economy.
The head of the Gold Division appealed to all traders in the gold sector not to be drawn into such rumors and to continue the movement of buying and selling in its natural form, as well as the citizens that gold shops open their doors for them on their normal times, noting that there is a noticeable activity in gold sales and an increase in demand during the current days, which is what Making a gram of 21 karat gold reach 1250 pounds as a result of the increased demand compared to the current supply in the market.
Jaid revealed that the division, through the General Federation of Chambers of Commerce, will take all legal measures against the promoters of such rumors and claim to stop dealing in the gold market.