witnessed Gold price today in Egypt Saturday, May 28, 2022, a decline of 5 pounds, at the end of this week’s trading, against the background of a drop in demand for gold in the local market, and 21 karat gold, which is the most popular in goldsmiths, recorded a decline in the price of gold from 1050 to 1045 pounds per gram without adding workmanship.
Gold prices today:
Carat 18 recorded 896 pounds.
21 caliber record 1045 pounds.
24 carat recorded 1194 pounds.
The gold pound is 8360 pounds.
sourcing in the market gold It confirmed the return of stability to the precious metal prices, and the recording of declines came as a result of the direction of the owners gold Towards selling again to take profits, and this caused an increase in the supply of gold, and then significant declines throughout the second and third week of May.
He pointed out that the common rule in the gold market is that the price returns to the highest point again, even after several years gold At 1250 pounds per gram, do not worry, prices may rise again, but according to some data, including the continuation of the rise in the global price of the precious metal, as well as in the event of a high demand for gold again.
He pointed out that gold It is not possible to judge its future in terms of the rise or fall in light of the current conditions, and the continuation of the movement in the price of the currency, because the rise or fall of foreign currencies in Egypt leads to violent price movements in gold, and we have witnessed great jumps in gold after the devaluation of the pound against the dollar since March .