lost grams gold In Egypt, today, Wednesday, May 18, 2022, about 30 pounds over the course of today’s trading, with the global price of the yellow metal falling to its lowest levels in 3 months, and the decline in the price of gold in Egypt contributes to moving sales.
The price of gold is now in Egypt, according to market developments
Today, gold prices in Egypt declined for the second time by about 10 pounds, to drop 21 karat, which is the best seller in Egypt, from 1060 to 1050 pounds per gram, with the price of an ounce declining to 1811 dollars, and the sale of gold now in the markets is witnessing remarkable activity.
Gold prices today, today, Wednesday
18 karat records 903 pounds
21 caliber records 1053 pounds
24 karat records 1203 pounds
The gold pound is 8424 pounds
Gold loses 140 pounds
This decline is the fourth this week by about 27 pounds as a total drop, after gold prices in Egypt lost over the past week 140 pounds per gram, as 21 carat, which is the best-selling in Egypt, declined from 1220 pounds to 1080 pounds per gram, then the metal continued its decline. This week, due to a noticeable drop in the dollar, which put pressure on gold prices in Egypt, and they have fallen since last Monday until now at this value.
Gold buying and selling tips
Mamdouh Abdullah, a member of the Board of Directors of the Precious Metals Division in the Federation of Industries, advised the consumer not to make a decision to buy or sell until after studying the market, especially since the current conditions are very volatile, and a rebound in gold prices may occur, noting that the gold index a week ago recorded a decline in Egypt With the decline in the strength of the dollar’s rise
He added, in special statements, that the consumer must buy gold jewelry so that it is a decoration and a treasury, meaning not to buy bullion and gold pounds only, and the work must be bought to take advantage of gold as an ornament, and that the current stage may witness a further decline in the price of gold, but the price is now very good compared to On the price of gold a week ago.