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The price of gold today witnessed a noticeable decline in the value of £ 6 in today’s trade, following the rise in prices on Thursdays and Fridays, and recorded 21-karat gold, which is the most popular and Bestseller in Egypt, £ 745 per gram.
Gold prices after falling today ..
18 gauge: 638.55 pounds
21 gauge: 745 pounds
24 gauge: 851.40 pounds
Gold Pound: 5960 pounds
International price “ounces”: $ 1704
Ihab Wasef, deputy head of the gold division at the Chamber of Commerce, said the rise in the price of a barrel of oil for the second consecutive week and the fall of the euro against the dollar to 1,084 led to a drop in metal prices. Precious at over $ 15, registering $ 1704 an ounce.
He said that gold prices since the beginning of this year registered large increases, as a result of events in the Middle East and the escalation of an Iranian-American in Iraq, and then the appearance of the Corona virus, which increased demand for the metal. largely precious globally, leading to higher prices by more than 10%, negatively affecting gold sales volume in Egypt.
The General Division of Jewelry and Jewelry Trade decided to return to work for gold and jewelry stores on Friday and Saturday, in implementation of the cabinet’s decision to reopen the stores for the two days, with continued preventive measures to deal with the virus. Crown..
Jewelers and gold shops were out of business for 3 days, Friday and Saturday, in implementation of the cabinet decision, in addition to the weekly goldsmith market holiday, which is Sunday, for stores to operate for only 4 days since the government’s decisions to confront the Corona virus.
