Gold prices witnessed today, Friday, 8/10/2021, in the middle of trading in Egypt, a slight increase, compared to prices yesterday, in light of the stability of global prices, as the price of an ounce amounted to 1761 dollars.
And the price of 21 karat gold, the most prevalent in the coastal and tribal regions, today recorded about 771 pounds, compared to 770 pounds per gram, recording an increase of one pound, according to what was confirmed by Naguib Club, a member of the Gold Works Division at the Cairo Chamber of Commerce.
He added that the price of 24 carat gold amounted to 884 pounds per gram, while 18 carats recorded about 660 pounds per gram, not including workmanship, which varies from one carat to another.
The international metals exchange is witnessing a state of continuous stability and stability for the second day, which was reflected on the local goldsmiths market, as the price of gold in Egypt is affected by its global counterpart, as well as the price of the dollar against the pound.
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With regard to the movement of market sales, Naguib Club explained, in statements to “Fourals.com” that the movement of buying gold in Egypt is weak, affected by the decline in citizens’ demand for purchase with the start of the study, pointing out that gold is a recreational commodity and some resort to buying it for the purpose of buying it. Saving as a type of safe investment.
He added that gold does not represent a priority in purchasing for citizens, especially in light of the increasing financial burdens borne by Egyptian families with the entry of the study seasons, the Prophet’s birthday and before them the summer holidays.
The Ministry of Education has announced the start date of the school year, which begins tomorrow, Saturday, October 9, 2021, and ends on Thursday, June 16, 2022.
The mid-year vacation begins on Saturday, February 5, 2022, and lasts for two weeks, and ends on Thursday, February 17, 2022.
The first semester begins on Saturday, October 9, 2021 and lasts 93 days until February 13, 2022.
The second semester begins on February 19, 2022 and lasts 97 days until June 9, 2022.