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Gold prices in Egypt fell 10 pounds on Saturday, in tandem with the continued decline in the global price of an ounce of gold, which fell from $ 1,805 to $ 1,789 as of the writing of this report, with investors targeting stocks and shares. dollar as an alternative to gold and other precious metals.
The price of a gram of gold fell today from 790 pounds per gram on Friday to 780 pounds per gram on Saturday, the lowest price of gold in Egypt since last May.
Gold prices today
18 karat gold registered 668 pounds per gram
The 21 karat gold registered 780 pounds per gram.
24-karat gold registered 891 pounds per gram
The pound of gold is 6240 pounds
One ounce of gold is $ 1789
The expectations of the “seventh day” were true, in an article published by the website yesterday Friday, titled “Gold prices in Egypt fall 29 pounds in a week … expectations of a recovery in demand for the yellow metal if decline continues … Mohsen Fawzi: Gold may fall below 790 pounds a gram … and advice. By postponing buying and heading to sell for profit, “in fact, the price of gold fell below of 790 pounds a gram, according to expectations. ”
As for those who are about to buy the network, it is now possible to buy gold and take advantage of the great fall in gold, which approached 40 pounds a gram, especially here that the purchase is not for investment purposes..
As for those who intend to buy gold for investment purposes, the purchase decision may be postponed now, pending what events will turn out in the next period, especially with the desire of investors to get rid of safe havens with the announcement of pharmaceutical companies coming up with a vaccine to treat the Corona virus.
