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The price of gold fell shortly after its 7-pound rise this morning in the goldsmiths market in Egypt, and the gram of gold recorded a two-pound drop so far in light of the one ounce decrease in gold from 1719 to $ 1,713 so far.
The price of 21-carat gold, which is the most traded and sold in Egypt, was £ 750 per gram, in light of expectations for yet another price drop in Egypt if global prices for the precious metal continue to decline.
The price of a pound of gold decreased markedly in value from £ 16 per gram to £ 6,000, and demand for the pound increased gold as a cost investment less than buying pre-fabricated works.
Gold prices in Egypt after falling:
The 18 gauge registered 642.75 pounds per gram.
Caliber 21 recorded 750 pounds per gram.
The 24 gauge recorded 857.25 pounds per gram.
The pound of gold is 6000 pounds.
An ounce of gold is $ 1,713.
And the General Division for the jewelry and jewelry trade decided to return to work for the stores that sell gold and jewelry for Friday and Saturday, in implementation of the Cabinet decision to reopen the stores during the two days, with preventive measures You continue to face the Corona virus.
Ehab Wasef, deputy director of the Gold Division, said working at jewelry stores starts at 10 a.m. at 5 p.m., and that weekly holidays are on Sundays in most markets in Egypt’s provinces.
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.
And the new decision of the General Gold Division, jewelers and gold shops will open their doors to the public throughout the week, except Sunday, which is the official holiday for the goldsmiths market.
