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While the price of an 18-karat gram reached 659 and 661 pounds.
The price of a gram of the lower denomination of 14 carats was approximately 513 and 514 pounds.
The price of a pound of gold was approximately 6168 pounds, an ounce of gold was approximately 27,404 thousand pounds, and a kilogram of gold was approximately 881,143 thousand pounds.
The value of labor at gold prices varies from one goldsmith to another, and according to geographical areas at the level of Egyptian cities, since the price of labor and stamps ranges between 30 and 65 pounds, in addition to the type of gold bullets that determine the value of the gold factory.
Labor is a ratio to the value of gold between 7 and 10% of the total price of the yellow metal, since if the proportion of metals in gold production increases, the value of the gold gauge decreases, reaching 31 , 1 gram as a unit of weight for gold bars and jewelry.
According to those who work in the gold sector; The yellow metal is the safe haven for wealth in light of the outbreak of the Corona epidemic in international markets; They highlighted that the variation in prices is due to the current economic climate and the high inflationary waves left by the global epidemic.
As usual, consumers turn to gold storage in times of crisis and price rises as a store of value, more than cars and real estate, because gold does not fall much and it is easy to sell, and its value becomes money, as the yellow metal is a safe haven to invest in the darkest economic conditions.
Global stock market indices and analysis, the drop in the global price of gold, attributed to investor concerns after losses on international stock exchanges, despite global pharmaceutical companies hinting at the possibility of reaching a drug against the Corona virus, which can help prices return to normal.
The current period saw a decline in gold, especially after it registered an ounce of $ 1800 last Friday, highlighting that it is expected to register a further decline during the next period, especially as it is experiencing a period of fluctuation in the current period. .
According to expert analysis, everyone is betting to go up again in the first quarter of next year, explaining that the current buying level is not good, adding that gold will remain high because the value of the dollar remains low during this period.
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