Tuesday 06 April 2021
I wrote – Sherine Salah:
Gold prices rose in the local market at the end of Tuesday’s trading, as the price of a gram increased 4 pounds, compared to its level in morning trading, affected by the rise of the metal globally.
Nagy Farag, head of the Economic Committee in the Division of Gold Traders in the Cairo Chamber of Commerce, told Masrawy that the price of a gram of 21 carat gold rose to 760 pounds, compared to 756 pounds in morning trading.
The price of a gram of 18-carat gold is about 651 pounds, the price of a 24-carat gram is about 869 pounds, and the price of a pound of gold is 6080 pounds.
Faraj expected gold prices to rise during the coming period in the local market, with an increase in its price on global stock exchanges.
The head of the Economic Committee in the Gold Division believes that the opportunity is still good for customers to buy at the present time, and that the current level of gold prices is considered suitable for purchase.
Globally, gold prices rose to $ 15.1 an ounce, up by 0.88%; The price of an ounce was $ 1743.5 at 4:50 pm Cairo time, according to Bloomberg.