Gold Prices Moment by moment, gold prices stabilized in the markets in the middle of daily trading.
Goldsmiths’ markets and shops await the decisions issued today, Thursday, by the Central Bank of Egypt’s meeting on interest rates and their impact on the price of gold.
Gold prices, moment by moment, and gold prices witnessed significant declines in their prices in the last period, reaching 600 pounds per gram.
Consumers and investors hope that prices will witness remarkable stability in order to have the decision and the ability to make their decisions to buy or sell.
Gold prices, moment by moment, according to their latest market update, hours before the new interest rate was approved, came as follows:
The price of a gram of 24 karat gold
The price of a gram of 24 carat gold in the local market amounted to 2526 pounds.
21 karat gold price
The price of a gram of 21 carat gold, after its decline and decline, recorded 2210 pounds.
The price of a gram of 18 karat gold
The price of a gram of 18 carat gold in the market was about 1894 pounds.
The price of a gram of 14 karat gold
The price of a gram of 14 karat gold, according to its latest update, was about 1477 pounds.
The price of the gold pound
The price of the gold pound in the market reached about 17,680 pounds.
Gold prices reach their highest level
Gold prices, moment by moment, and gold prices and demand for gold jewelry and the yellow metal in all its forms created a state of anxiety and anticipation among consumers over the past few months, especially in light of the insane rises in its prices.
Consumers of gold artifacts, bars, and gold pounds were exposed to many surprises in the gold price sector, as gold prices in all gold bullets, artifacts, pounds, and bullion increased significantly, and prices reached levels they had not reached before.
Gold fell from the highest point
Gold prices were expected to reach 3000 pounds per gram 21, which is the most widespread gold in the Egyptian market, and indeed gold prices reached levels close to this price, as the price of gold reached its highest price point, which is 2800 pounds per gram (21 carat).
Hani Milad, head of the General Division of Gold at the Federation of Chambers of Commerce, said that the prices of the yellow metal decreased significantly and became close to international prices.
The reason for the decline in gold prices
Gold prices today, and Milad said in his statements: The entry of quantities of gold coming from abroad into the local market contributed to bridging the gap between demand and supply, which resulted in a decline and stability in prices in recent days, after the government’s decision to exempt gold imports from customs. .
Advice for Egyptians abroad
The price of a gram of gold, and Milad advised Egyptians abroad to buy bullion and gold pounds, pointing out that they are free of workmanship, and can be sold in Egypt at a good price without incurring any losses.
Milad confirmed that the drop in the price of an ounce of gold on international stock exchanges to $1970 contributed to the decline in prices in the local market.
Gold price forecast
And about gold prices in the coming period, he expected the birth of gold prices to decline again, with the decline in the price of the dollar on the black market and the decline in the prices of the yellow metal globally.
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