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Gold prices rose by two pounds in trading today, Saturday, to register 21-karat gold, which is the best-selling in Egypt, 815 pounds a gram, in the context of the rise in the price of an ounce gold at $ 1,870.
Gold prices today:
The 18 karat gold registered 698 pounds.
The 21 karat gold registered 815 pounds per gram.
The 24 karat gold registered 931 pounds.
The pound of gold is 6520 pounds.
An ounce of gold is $ 1880.
And in the gold investment market, the matter can be confused with some consumers, and he does not know of any investment path that he can take to achieve profit or the safe preservation of his money from economic fluctuations or declining returns and interests. .
Investing in bullion is better compared to pounds of gold, because the alloy is the lowest in terms of the cost of labor or the costs of the fees imposed on it, which is estimated to be about 10 pounds per gram of alloy, which means that if you buy a 20 gram bar, you pay only 200 pounds, and when selling You can get EGP 180 back from the fees, which means that you only lose 20 pounds, and this will certainly not be a large amount in case of an increase in gold prices.
Gold is considered a safe haven in the sense that it is demanded in case of global instability, since gold is a limited material in the world, and with the increase in the number of people, the demand increases and consequently its prices They keep going up, and it is possible to split the gold when selling it, like selling 100 grams or more or unlike any other investment tool. .
As for pounds of gold, fees are charged on resale, similar to labor, so a price of a quarter gram of gold is charged when resold again or 20 ml of its weight, and this it is expensive compared to the fees imposed on the alloy.
