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Gold prices fell in overnight trading today, Monday, slightly to a value of just one pound, to drop from 21 carats, which is the best-selling in Egypt, to 774 pounds per gram, which is the lowest price in the world. gold in Egypt for almost 5 months, coinciding with the drop of an ounce of gold to $ 1,778.
Gold prices today in Egypt
18 gauge recorded 663 pounds
Caliber 21 registered 774 pounds
24 gauge recorded 884 pounds
The pound of gold is 6192 pounds
One ounce of gold is $ 1778
Great reactions to a topic that was published on the seventh day, yesterday morning, Sunday, titled The cheapest gold pool in Egypt. Many observers wondered what is the main reason for the low price of the gold pool, which was the focus of the issue, and others also accused that the gold that is intended in this report is unreal gold, and others dismissed that the report is speaking of original gold, and we will answer in this report the reasons for the low price of the gold set, which is the cheapest in Egypt at only 2100 pounds.
The main reason for reducing the price of the cheapest gold set in Egypt is the price of labor, which is almost negligible as the whole set is a “necklace and ancel” at 2,100 pounds per gram for the first in Egypt, and here the weight of this set is 2.25 grams, and the price of the gram now 18 carats, which is the main component of Egypt’s cheapest gold set, is priced at 665 pounds per gram.
Gold continued to fall to its lowest level in 5 months, with investor appetite for high-risk assets after pharmaceutical company AstraZeneca ignited the Coronavirus vaccine race and a US federal agency approved. the beginning of the procedures for the presidential transition in the United States to Joe Biden.
In the goldsmith market, gold fell in Egypt to levels of 774 pounds per gram of the main gauge, prompting many consumers to ask whether the current time is right to buy and exploit the period of gold decline, or to sell gold jewelery and reap profit and avoid the continued decline of gold.
As for those who want to buy the network, now they can buy gold and take advantage of the great fall in gold, which approached 40 pounds a gram, especially here because the purchase is not for investment purposes.
Those intending to buy gold for investment purposes, the purchase decision may now be postponed pending what events will turn out over the next period, especially as investors seek to ditch safe havens with the announcement from pharmaceutical companies that they will arrive. to a vaccine to treat the Corona virus.
