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Gold prices fell today, Tuesday, to a value of 3 pounds, to register a gram of 21-karat gold, which is the best-selling in Egypt, to 830 pounds a gram, after an ounce of gold fell globally to $ 1904 compared to $ 1930.
Gold prices today:
18 gauge: 711.40 lbs.
21 gauge: 830 lbs.
24 gauge: 948.55 lbs.
Gold pound: 6,640 pounds.
World Price: $ 1,904.
On Monday morning, gold fell 6 pounds, then 12 pounds in overnight transactions, bringing the total drop in the price of gold yesterday in Egypt to 18 pounds per gram, and today gold fell 3 pounds, leading the total drop in the price of gold since yesterday to 21 pounds per gram.
Gold is considered a safe haven, which means that the demand is realized in case of global instability, because gold is a limited material in the world, and with the increase of human population, the demand increases and therefore its Prices keep rising, and it is possible to divide the gold by selling it, such as selling 100 grams or more or less.
Gold can be subject to decline and rise in the stock market and therefore you can win or lose with it, but if you have the experience to know how to buy gold when it falls, keep track of the experts and the economic news, as well as knowing when to sell when there are signs of a decline, for example, these days Corona’s fears are considered. An opportunity to buy gold while investors flee to it.
Gold is the best and safest way to save, at least if it is not for investing and making a profit, and although many people do not have the experience to know when to buy and when to sell gold, it is enough for them that gold is the safe haven .
Gold is considered a safe haven to invest in, and one of the benefits of investing money in gold is that it works to preserve money from inflation factors and high prices for other commodities, such as oil, dollar and others, which fall into other investment methods, and is considered the most stable investment. Even if there is a decrease in its price during periods of the year, its price will continue to increase in the long run. Therefore, investing in gold is considered a safe haven for capital owners and the wealthy to preserve their wealth and the value of their money, and protect it from inflation and other financial market fluctuations.
