Wednesday 31 March 2021
I wrote – Sherine Salah:
Gold prices stabilized in the local market during trading today, Wednesday, after their significant decline yesterday.
Gold prices in Egypt fell by 20 pounds per gram at the end of yesterday’s trading, affected by the global drop of the metal.
Naguib Club, General Secretary of the Gold Merchants Division of the Cairo Chamber of Commerce, previously told Masrawy that the price of a 21-gram gold gram today has reached 742 pounds, which is the same as yesterday.
The price of a gram of 18-carat gold was about 636 pounds, and the price of a 24-carat gram was about 848 pounds, and the price of a pound of gold was about 5944 pounds.
Globally, gold prices recouped part of their losses, and the price of an ounce increased about $ 1.6 per ounce, a rise of 0.10%, to record the price of an ounce of $ 1686.8, at 12:29 pm Cairo time, according to Bloomberg News.