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On Wednesday, the price of gold recorded an increase, as the price of a gram of “24-carat” gold recorded 880 pounds, “21-carat” scored 770 pounds, while “18-carat” recorded 660 pounds, while “14-carat” recorded 513 pounds. With the price of gold pounds 6160 pounds.
This comes in light of the rise in the price of an ounce globally by about $ 18, to record $ 1717.
Amir Rizk, a member of the Gold Division, said that the high «gold prices due to the tense political situation in Libya, which led to high prices globally, for fear of war, as well as the global economic crisis resulting from the spread of the Corona virus emerging (Covid 19), which affected the negative On the movement of buying and selling on world stock exchanges ».
Rizk told Al-Masry Al-Youm that “gold prices in Egypt are affected by the price of an ounce globally, and the price of the dollar, and they cannot be interfered with by traders, who calculate the price by hitting the international price in the price of the dollar, and through that the prices are determined ».
A member of the Gold Division stressed that “the buying and selling movement in Egypt is completely stopped, as a result of the deterioration of the financial conditions that do not allow the family to buy gold, as well as the application of the ban hours, especially since the gold market activity begins in the evening.”
The price of gold, locally, recorded a slight decrease yesterday, where the price of a gram of “24 carat” gold reached 876 pounds, and “21 caliber” scored 767 pounds, while “18 carat” recorded 657 pounds, while the gram of gold recorded “caliber” 14 », 510 pounds, and the price of one pound of gold reached 6135 pounds.
- The situation in Egypt