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Al Ain News
Saturday 10/10/2020 07:48 PM Abu Dhabi time
Gold prices fell in Egypt today, Saturday, amid bargaining in goldsmith shops, and the price of a gram of the 21-karat precious metal dropped by around 12 pounds at a time, compared to the price level. at the beginning of morning operations.
According to the electronic platform “isagha”, which specializes in monitoring gold prices in Egypt and the Arab world through instant surveys among traders, the price of a gram of 24-karat gold decreased to 956.5 pounds, compared to 974.11 pounds at the beginning of the trade.
The price of a gram of 21 karat gold dropped to 840 pounds, compared to 852 pounds in the morning.
Also, the price of gold, a gram of 18 carats, fell to 720 pounds, compared to 730.59 pounds at the beginning of the price.
The price of a pound of gold and an ounce
The price of a pound of gold in Egypt fell to 6,720 pounds, compared to 7,176 pounds in the morning.
The price of an ounce of gold in Egypt fell to $ 1,927, compared to $ 1,930 in the morning.
Gold prices around the world
On Friday, world gold prices rose about 1% due to a weak dollar, and the yellow metal’s appeal as a hedge against inflation increased due to renewed optimism about a new US aid package to mitigate the repercussions of the virus. Crown.
On the COMEX exchange, gold futures contracts for delivery in December 2020 ended yesterday, with an increase of 1.6%.
According to Bloomberg, the price of gold rose from about $ 31 to $ 1926.2 an ounce in yesterday’s deal.
