Gold is declining 4 pounds due to low demand in Egypt.



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The price of gold in Egypt fell today, Saturday, by £ 4, due to a big drop in sales of the precious metal in Egypt, to close the price of gold at £ 741 per gram, with the continued price of one ounce of gold at $ 1,700 an ounce.

Gold prices today ..
18 gauge registered 635 pounds
21 gauge registered 741 pounds
Record 24 gauge 846.85 pounds
The golden pound is 5928 pounds
An ounce of gold is $ 1,700

Hany Gayed, head of the gold division of the Chamber of Commerce, said that gold prices since the beginning of this year are registering large increases, as a result of events in the Middle East and the escalation of an Iranian-American in Iraq , and then the emergence of the Corona virus, which greatly increased the demand for the precious metal, leading to a price increase of more than 10%

He added well to the “seventh day” that the continuing decline in gold demand leads to a decline in prices in Egypt, but significantly or significantly, noting that it is not possible to expect what the precious metals market will witness in the world.

The General Division of Jewelry and Jewelry Trade decided to return to work in the gold and jewelry stores on Friday and Saturday, in implementation of the cabinet’s decision to reopen the stores during the two days, with continuous preventive measures to deal with the virus. Crown.

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 only for 4 days since the government’s decisions to confront the Corona virus.

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