Naguib Club, Secretary General of the Gold Division of the Federation of Chambers of Commerce, advised citizens to buy gold and not sell, expecting prices to rise and rise during the next few days.
Naguib added, during television statements, that the price of a gram of 21 karat gold reached 1140 pounds at the end of yesterday, Thursday, recording a decrease of 35 pounds from Wednesday’s price.
The Secretary-General of the Gold Division of the Federation of Chambers of Commerce explained that the reason behind the decline in gold prices today is closely related to the drop in the price of an ounce in global markets from $1880 to $1836, during Thursday’s trading.
Gold prices today, Friday
Gold prices in Egypt decreased by 20 pounds during trading today, Friday, as the price of “21” carat reached about 1130 pounds, while “24” carats recorded about 1291 pounds, and “18” carats scored about 969 pounds.
While the price of “14” carat gold amounted to about 753 pounds, the value of the gold pound reached 9,040 pounds, and an ounce recorded 1,884 dollars on global stock exchanges.
To the official gold prices, on average, between 60 and 100 pounds is added to the value of workmanship and stamping, which is obtained by traders or the owner of the goldsmiths’ shop. 1029 pounds, and the price of “14” caliber reached 813 pounds.