Gold prices today, Tuesday, 14-4-2020 in Egypt, and a historical increase of 21 days in goldsmiths

Precious metal prices have increased and peaked in about a month, specifically, as confirmed by Club Naguib, Secretary of the Gold Division at the Chamber of Commerce since last Monday, when demand for the yellow metal increased, as It is considered a safe haven for merchants and investors due to fear of the economic impact caused by the pandemic of the emerging Corona virus and its spread. Worldwide, and continued to gradually increase to its highest levels, and today the 24 gauge registered 850 pounds on the local market.

Gold prices are rising today and witnessing a new jump in the local market, where gold reached a different value during this period due to high gold prices worldwide, where the price of gold increased today by $ 17 compared with yesterday’s prices, and the price of an ounce of gold today was recorded according to the latest updates in the world metal market 1715 Dollars, and this is a significant increase and therefore affects the price of gold locally.

A new jump in gold prices today in Egypt

Naguib Club, secretary of the Gold Division at the Chamber of Commerce, explained that the demand for goldsmith shops in Egypt has decreased by a large percentage, in light of the increase in the yellow metal and that it is reaching its highest levels together with the case of roaming luck that affected the opening of stores only 4 days a week due to the complete ban on my day. Friday, Saturday, and Sunday, weekly store holiday, citizen interest in food and clothing, and therefore lack of gold jewelry sales.

Gold prices are currently affected by several factors, especially the price of the dollar against the pound in the local market, the prices of the ounce in the gold exchange worldwide, in addition to global economic decisions, what It contributes to the increase or decrease of the prices of precious metals in a variable way throughout the day.