2023-05-12 11:06:00
Islam Saeed Books
Friday, May 12, 2023 02:06 PM
witnessed Gold bullion prices Today in Egypt, a decline of about 15 pounds, and in the context of the following lines we review gold prices In Egypt for all the different carats circulating in the gold market without adding workmanship and fees.
Gold prices today:
24 karat records 2840 pounds
21 karat records 2485 pounds
18 karat records 2130 pounds
The gold pound is 19,880 pounds
Gold ounce 2006 dollars
Sameh Abdel Hakim, a member of the Gold Division, expected that gold prices would continue to decline in the coming days, against the background of the Council of Ministers’ approval during its meeting last week, on a draft decision regarding exempting gold imports in semi-worked forms, as well as those intended for cash circulation, jewelry, and their parts of precious metals.
And Abdul Hakim indicated, in exclusive statements, that the validity of the decision for a period of six months will lead, accordingly, to an increase in the supply in the market, and thus prices will decrease, because allowing the entry of gold with returnees from abroad will push prices in a downward direction.
The draft cabinet decision stipulates that this exemption does not apply to natural or cultivated pearls, precious or semi-precious stones, mounted or inlaid on jewelry and their parts.
This approval comes within the framework of the efforts exerted to achieve stability in gold prices within the markets, and to reduce customs smuggling attempts of semi-finished and occupied gold items through various customs outlets.
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