The prices of the yellow metal continued to rise, during trading today, Monday, April 4, the first day of trading on the International Gold Exchange, after its weekly holiday, Saturday and Sunday, as the price of an ounce recorded 1931 dollars in mid-trading, an increase of 0.29%, from the morning trading, which began with a rise of 018%, and the price of an ounce reached 1931 dollars. An ounce of 1929 dollars, after declining by 0.61%, and the price of an ounce recorded 1925 dollars at the close of last week.
While gold prices in the Egyptian market rose during trading today, Monday, April 4, about 5 pounds, at the price of a gram, without workmanship, at the level of all calibers.
And the price of a gram inside goldsmiths and jewelry shops, 21 karat, about 975 pounds, and 18 karat about 836 pounds, and the price of a gram 24 rose to 1114 pounds, and the price of an ounce reached 1926 pounds, according to what was announced by the Gold Division.
According to the Gold price in Egypt website, the prices came during today’s transactions in the local market as follows: 21 karat about 976 pounds per gram, 18 karat about 837 pounds per gram, 24 karat about 1.1115 pounds per gram, 14 karat about 651 pounds, and 12 karat about 558 pounds, and The price of the gold pound, 7808 pounds.
In addition to the price of a gram in gold and jewelry stores, the price of workmanship, which varies from one merchant to another, and from one governorate to another, according to the size and shape of each gold piece, and the value of workmanship ranges from approximately 3 to 7% of the gram price.
Gold prices in general are witnessing a state of fluctuation and instability, due to several factors, the most important of which is the impact of the Russian-Ukrainian crisis on the markets, the change in the price of the dollar, and inflation. The safe haven, the best investment pool and the most important store of value.
Experts in the gold industry expect that the state of confusion and instability in the prices of the yellow metal will continue, due to the continuation of the Russian-Ukrainian crisis, and the change in the price of the dollar, in addition to global inflation.
Gold prices in the middle of trading today, Friday, March 25th