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Gold prices rose today, Monday, December 28, 2020, to a value of 5 pounds, since 21-karat gold, which is the best-selling in Egypt, registered 822 pounds per gram, until the writing of these lines, with the first day of the week in the Al-Sagha market after trading ceased yesterday Sunday.
Gold prices today in Egypt:
18 gauge scored 705 pounds.
The 21 gauge registered 822 pounds.
The 24 gauge registered 939 pounds.
The pound of gold is 6546 pounds.
Ounce of gold, $ 1885.
Mohsen Fawzy, one of the gold producers in Egypt, revealed that wholesale gold sales decreased by 30% this year compared to 2019, due to declining consumer demand due to the Corona virus pandemic.
He added, speaking to “The Seventh Day,” that factories witnessed almost a disruption in the sale of gold to retailers during the period from mid-January to May 2020, and this period was the height of the Coronavirus pandemic. and a complete halt to online parties and weddings, causing demand to drop dramatically. .
Mohsen Fawzy indicated that retailers were unable to purchase gold from producing factories during the aforementioned period, which is mid-January to May 2020, but the market moved slightly during the period from June to late October 2020.
Fawzi said: “Overall this year was very difficult for gold producers, as well as traders, due to falling demand at very high rates, in addition to high prices, but we are counting on things to get back to business. normalcy in 2021, if the Corona virus vaccine proves effective. “
