Gold prices in Egypt are falling today, Saturday, September 26, 2020

Today, Saturday, September 26, 2020, gold prices in Egypt registered a slight decrease, with the beginning of the quotation, since the 21 karat was the most sold and was quoted in the goldsmiths of all the governorates, 817 pounds per gram, compared to Friday’s price of £ 820 per gram.

This drop in the price of the yellow metal coincided with the drop in the price of the ounce in the closing session of the Global Metal Exchange, unlike its rise yesterday, so that traders of the local market in Egypt were forced to reduce prices, given the link with the global price, not the principle of supply and demand that controls a lot. Of goods and services around the world.

Gold prices in Egypt today, September 26

We publish through our website “Al-Youm News” the gold prices in Egypt today Saturday, as a service for readers interested in the price of the precious metal, before the demand for purchase or sale of stores of goldsmithing is spread throughout the republic, as follows:

1. The 21 gauge registered 817 pounds per gram.
2. The 18 gauge registered 700.25 pounds per gram.
3. The 24 gauge registered 933.75 pounds per gram.
4. The price of a pound of gold was 6,536 pounds.
5. The price of an ounce of gold was recorded at $ 1,860.

What is happening in the gold market in Egypt?

Bulletin and news watchers who refer to the price of gold on a daily basis, find rapid price turbulence, going down and up, as the precious metal alone hovers around £ 40 a week from now, but is expected to witness a slight increase in the coming days, according to several experts.

While gold is the best safe haven in light of the economic crises that hit most countries in the world, the demand for its purchase during this period has drastically decreased, which some experts explain how to wait for it again. Investors lower the price even further before buying, while the importance of investment is In gold as follows:

• Save money from inflationary factors and rising commodity prices.
• It is the most stable investment.
• The best safe havens in economic downturns.
• Protects from financial market fluctuations.