[ad_1]
Gold prices rose, on Tuesday night, just one pound, in the context of the rise of one ounce of gold worldwide to break the barrier of 1,900 dollars, registering 1909 dollars, and gold of 21 carats, which is the most sold in Egypt, it reached 843 pounds per gram.
gold prices ..
18 gauge: 715 pounds
21 gauge: 834 pounds
24 gauge: 953 pounds
Gold pound: 6672 pounds
World Price: $ 1,909
Gold fell from the $ 1,900 level at the end of last week, to the lowest price in more than a week, under pressure from the strong dollar and the lack of progress in talks on a new stimulus package. American.
“There seems to be no push to find additional buyers (for gold) … this is largely due to the fact that it is being traded in light of the impending US elections and stimulus speculation,” said Kyle Roda, IG Markets analyst.
The Precious Metals Division revealed that gold printed in Egypt decreased by 30% during the year 2020 due to the Corona virus, and sales rates have decreased significantly since the beginning of the year, and that all gold artifacts circulating in Egypt They are sealed and no unsealed gram of gold is allowed to be traded.
He added that gold stamping is a protection for the final consumer, and whoever buys non-stamped gold is exposed to the dangers of a monument, and the best-selling caliber is 21 due to the multiplicity of its formations, distributed in all the governorates of the Republic, and 99% of the gold in circulation is 21 carats.
He stressed that a large number of Egyptians went to buy gold after the recent interest rate cut, but buying now is buying bullion, which has seen an increase in sales of more than 50% compared to last year. , and many companies have dedicated complete production lines to the production of ingots.
He indicated that the price of an ounce of gold never stabilizes for long, and it is not possible to expect a specific ceiling for price increases, and so far the world has not come to treat the Corona virus, and this heralds a rise in the price. gold, in addition to the fact that countries will close again to make gold a safe haven for a longer period. It is not possible to anticipate the situation of price increases in the next period
