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Gold prices rose today, Tuesday, 4 in Egypt, and gold is recorded at 778 pounds per gram, and 21 karat is the best-selling and traded in Egypt, and supporters expect gold prices to change again in the next few hours in case of a drop or increase in the price of one ounce worldwide, and the record of gold worldwide An increase close to an ounce of $ 1780, which affected the prices of gold in the goldsmith market.
The reason for the rise in the price of gold in Egypt today is due to the rise in the global price of gold from $ 1770 to $ 1778, but registered $ 1780 fluctuating between highs and lows, amid the reluctance of investors to buy gold , with great optimism about the results of the Corona virus vaccine, given the competition between research companies. And drugs to achieve effective results for serum.
Gold prices today:
18 gauge: 667 pounds per gram.
21 gauge: 778 pounds per gram.
24 gauge: 889 pounds per gram.
Gold pound: 6224 pounds.
An ounce of gold costs $ 1,778.
Gold in Egypt fell 40 pounds per gauge in the market in the last week of November 2020, which is an indication of a possible recovery in the sales movement, which has been negatively affected since the beginning of 2020, with a fall of 60% during the period from January to August 2020 compared to the same period last year. The recovery here is linked to falling prices because the consumer is always looking to buy gold when prices drop.
The Gold Division believes that gold recorded its biggest drop, or specifically the lowest price in 5 months in the world, during November 2020, thanks to hopes of a global economic recovery, and expects the drop to continue, so that gold will lose nearly $ 50 after a $ 100 drop in price, and investors tend to abandon the metal. Precious, and demand for dollars and stocks.
Gold continued to fall to its lowest level in 5 months yesterday as investors scrambled to buy high-risk assets after pharmaceutical company AstraZeneca ignited the race for a Corona virus vaccine and a US federal agency. approved the beginning of the procedures for the presidential transition in the United States to Joe Biden.
