Gold prices rose in evening transactions today, Sunday, December 4, 2022, about 30 pounds, in Egypt today, to record prices of 1730 pounds per gram of 21 karat, which is the best-selling in Egypt without adding workmanship, with the continued high demand for gold in the Egyptian market.
Gold prices today
18 karat recorded 1483 pounds
21 karat recorded 1730 pounds
And 24 karat recorded 1977 pounds
And the gold pound is 13,840 pounds.
Sameh Abdel Hakim, a member of the Gold Division, said that the global trend to buy gold pushed the price of an ounce to the level of $1,800 at the end of the week’s trading, and on the other hand, the price of gold in Egypt witnessed a movement due to the high demand for the precious metal with the demand for buying at the current stage, expecting the arrival of the gram. To 2000 pounds at the near level due to the high demand for the precious metal.
When asked about the status of handicraft sales, Sameh Abdel Hakim revealed that the market for gold handicrafts is declining at this stage in favor of bullion and gold pounds, pointing out that retail stores have reached rates of selling bullion in which about 50 to 60% of the total sales currently.
Regarding the weights of the bars available in the market, he revealed that the gold factories provide bars with weights ranging from one gram to a kilo, indicating that the factories range from 25 to 65 pounds per gram of bars.