Gold prices are falling 4 pounds … and 21 carat records 813 pounds per gram


Ihab Wassef, deputy head of the Precious Metals Division at the Chamber of Commerce, revealed that gold prices in Egypt in morning dealings today, Monday, recorded a decrease of 4 pounds, as the 21-carat, which is the best-selling in Egypt, recorded 813 pounds per gram.

Gold prices today in Egypt:

Caliber 18: 696.85 pounds.

Caliber 21: 813 pounds.

Caliber 24: 929.10 pounds.

Gold pound: 6504 pounds.

World price: $ 1,850.

Gold prices in Egypt recorded during the period from the beginning of August until now, a significant decrease of 100 pounds per gram, against the backdrop of the decline of an ounce of gold from $ 2025 to $ 1860, and gold in Egypt fell from 920 pounds to between 816 to 820 pounds at the goldsmith market .

The price of gold reached its peak in Egypt on August 5, 2020, recording 920 pounds per gram, which is the maximum price recorded by 21-carat gold, which is the main caliber of the Egyptian market, after an ounce reached $ 2025, a record gold recorded for the first time in the world.

Regarding the reasons for the rise in gold during the year 2020, observers confirmed that the low interest trade pushes investors to put their money in gold as a safe haven, which increases the demand for it in an unprecedented way and pushes it to record historical prices.

Globally, gold prices rose to exceed the $ 2,000 mark for the first time in history, last August, as demand for the metal, which is considered a safe haven, was boosted by a climate of extremely low interest rates and hopes for further stimulus in the United States to protect the economy affected by the Corona virus.

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