Gold prices stabilized today in Egypt, coinciding with the weekly holiday for the gold market in Egypt as well as the international stock exchange, to record levels close to the market’s closing price yesterday, Saturday, and a gram of 21 karat gold, which is the best-selling in Egypt, recorded 1020 pounds, and prices may move on the weekend due to supply factors. and demand.
Gold prices today:
Carat 18 records 873 pounds per gram.
21 carat records 1020 pounds per gram.
24 carat records 1162 pounds per gram.
The gold pound is 8160 pounds.
Sources in the gold market confirmed the return of stability to the prices of the precious metal, and the recording of declines came as a result of the tendency of gold owners to sell again to reap profits, and this caused an increase in the supply of gold and then significant declines over the course of two weeks, and prices fell to 1000 pounds per gram of 21 karat before To move to 1020 pounds, indicating that the common rule in the gold market is that the price returns to the highest point again, even after several years, so whoever bought gold at 1250 pounds per gram does 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 cannot be judged on its future in terms of ups or downs under the current circumstances, and the continuation of the movement in the currency price, because the rise or fall of foreign currencies in Egypt leads to violent price movements in gold, and we witnessed great leaps in gold after the pound was devalued. against the dollar since March.