New jump in gold prices with the start of the week



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New jump in gold prices with the start of the week

Gold

I wrote Hadar Hisham

Gold prices rose on Saturday, a pound per gram, compared with Friday's levels in Egypt, after a significant drop last week to reach 18 pounds per gram.

The secretary-general of the gold division of the Cairo Chamber of Commerce "Najib Club," the price of a gram of 21-gauge gold today registered 609 pounds, compared with 608 pounds yesterday.

For its part, the price of a gram of gold 18 caliber today 522 pounds and grams of 24 pounds to 696 pounds, and the pound price of gold 4872 pounds.

Najib expects gold prices in Egypt to rise again next week with the stability of the dollar, after losing 18 grams last week.

Gram loses 18 pounds .. Discover why gold prices fall

For its part, gold prices in Egypt fell significantly during the past week, losing one gram of about 18 pounds.

The secretary general of the gold department at the Cairo Chamber of Commerce said that the price of a gram of 21-gauge gold registered during the day 608 pounds compared to 626 pounds last Friday. 4864 pounds.

"Najib Club" revealed the reason for the decline in gold over the last week due to falling dollar prices mainly in Egypt, as well as falling world metal prices.

On the other hand, the dollar lost about 10 piasters to the banks on Thursday to buy 17.15 pounds for the purchase and 17.25 pounds for the sale against 17.25 pounds for the purchase and 17.35 pounds for the sale, Al-Khimaisi last, at the National Bank of Egypt.

Gold prices stabilized near the four-month lows as the dollar rebounded from strong US retail sales data, which overshadowed heavy metal support from weak European manufacturing data, fueling worries about global growth .

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