Relationships and community
A state of anticipation dominates women, with the announcement of gold prices daily, as the prices of ounces and gold jewelry are witnessing a continuous decline during the current days, at a time when many women are keen to follow the price of the yellow metal from time to time, with the aim of studying their position on investment and savings, to benefit from it on Long-term.
And gold prices are still declining, in goldsmiths’ shops, to record the price of a gram of (24) carat gold 2520 pounds, instead of 2526 pounds in the morning, while the price of a gram of (21) gold came to 2205 pounds, instead of 2210 pounds in the morning, for purchase without Workmanship, 18 karat 1890 pounds, 14 karat gold gram 1470 pounds, and 12 karat 1260 pounds.
Is the time right to buy gold?
Nadi Naguib, former secretary of the Gold Division of the Federation of Chambers of Commerce, says in statements to “Hen” that the current time is the best time to buy and not sell, in the event of a search for gain, especially since gold prices continue to decline, since the Council of Ministers announced the decision to exempt gold imports. of customs tax and other fees.
Is buying gold at a high price a loss?
Ehab Wassef, Head of the Gold Division, explains to “Han” that the collapse of the gold price does not mean the loss of those who actually bought it at the time of the price hike: “Gold is saving, adornment and investment in the long term, there is no loss in it. They sell it.”
It is not preferable to invest in gold in the short term
The economist, Muhammad Shadi, agreed with the opinion of the head of the gold beam, explaining that he does not prefer investing in gold in the short term: “Gold prices are declining, so it remains the best not to sell, and I do not prefer to invest in it in the short term, so savings certificates are better for investment in the short term.” And if it goes, it will be in the long run.”