The price of gold in the stock market

gold.. Randa Hamed, Managing Director of Okaz Company for Management and Formation of Financial Portfolios, confirmed that the gold investment fund, in which subscription began today at Azimut Company, aims to promote the entry of a new category of investors, especially low-income investors.

Randa Hamed told Al-Ousboa that buying gold documents from the Egyptian Stock Exchange will reduce the volume of demand for the live metal in the local market, and thus help reduce its trading prices following a series of mythical rises over the past months.

gold fund today

And she continued: The initial offering of fund documents has begun gold Today, from the value of 10 pounds per document, at a total issuance rate of one million documents, the value of 10 million pounds.

The managing director of Okaz Company for managing and forming financial portfolios explained that the price of documents gold The amount of EGP 10 per document will be determined during the other trading days according to the size of the demand executed by the investors on the offered documents, pointing out that the fund’s capital, amounting to EGP 10 million, is small in the event of increased demand, which will enhance raising its maximum limit during the coming days to keep pace with demand trends.

On the other hand, Amal Suleiman, a financial market expert, says that the investment documents in the gold fund in Azimut are a golden opportunity for a group of low-income people who are unable to invest their capital in the real metal in the local market due to the high price of the metal itself and its investment is limited to a certain group of citizens.

And Amal Soliman believes, during her statements today to “Al-Osboa”, that the price of the document will be determined according to the price of live metal in the market, especially bullion and 24 karat traded in the benchmark on the Egyptian Stock Exchange.

gold price today

and are trading gold price 24 karat today in Egypt at 2710.47 pounds for demand and 2775.25 pounds for supply, according to the gold price guide on the Egyptian Stock Exchange.

While the price of a gram of 21 carat gold today is 2410 pounds, according to the statements of Amir Rizk, a goldsmiths expert.

In this regard, Amir Rizk said, during his statements to “The Week”, the price of 18 karat gold today recorded regarding 2065 pounds per gram, while the price of the gold pound reached 19,280 pounds.

The price of gold in the stock market today

Price hinges gold On the global stock exchange, at $ 1977.80 an ounce, according to the spot contracts index, and the price of gold in metal futures contracts is stable at $ 1979.90 an ounce.

Buy a gold document

The process of buying gold documents on the Egyptian Stock Exchange can be known by viewing the following link..

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