Gold prices rose in the Egyptian market, at the close of trading today, Friday, 8 April, at a value of 7 pounds per gram, minus the workmanship.
And according to the Gold price in Egypt website, the prices came at the conclusion of transactions today, Friday, in the local market as follows: 21 karat about 993 pounds per gram, 18 karat about 851 pounds per gram, 24 karat about 1135 pounds per gram, 14 karat scored about 662 pounds, and 12 karat about 567 pounds And the price of the gold pound was 7944 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.