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Gold prices rose 10 pounds in today’s morning trading, Tuesday, to 21 karats, which is the best-selling in Egypt, at 788 pounds a gram, after a month full of declines in the gold market. globally and locally, after coming up with a vaccine for the Corona virus.
Gold prices today in Egypt:
The 18 gauge registered 675 pounds.
The 21 gauge registered 788 pounds.
24 gauge scored 900 pounds.
The pound of gold is 6,304 pounds.
One ounce of gold is $ 1808.
The price of gold rose this morning by 4 pounds, and with this increase, the total increase in the price of gold becomes 14 pounds per gram until the writing of this report, and the reason for the rise in the price of gold in Egypt is due to an increase in the global price of an ounce of gold to 1808 dollars, compared to the price of 1778 dollars at the beginning of the transactions.
The price of gold was at its lowest level in 5 months, as investors turned to high-risk assets after pharmaceutical company AstraZeneca ignited the race for a Corona virus vaccine and a US federal agency approved the start of the procedures for the presidential transition in the United States to Joe Biden, last week.
In the goldsmith market, gold fell in Egypt to levels of 774 pounds per gram of the main gauge, prompting many consumers to wonder whether this time it is appropriate to buy and take advantage of the period of gold decline, or to sell jewelry from gold and reap profits and avoid the continued decline of gold.
As for those who want to buy the network, now they can buy gold and take advantage of the great fall in gold, which approached 40 pounds a gram, especially here because the purchase is not for investment purposes.
Those intending to buy gold for investment purposes, the purchase decision can now be postponed pending the outcome of events over the next period, especially as investors seek to ditch safe havens with the announcement from pharmaceutical companies that they will come to a vaccine to treat the Corona virus.
