The cost of gold in Egypt this day, Wednesday

Gold prices within the native market witnessed a itsy-bitsy develop compared with the transactions of the previous days, amid a dispute of cautious anticipation within the markets, whether on the native or global stage, the attach apart the 21 carat has recorded about 4695 kilos for sale compared with 4670 kilos for admire, which reflects a restricted u.s.in a restricted u.s.driven by the steadiness of the ounce of the global label and the persisted quiz of patrons to purchase gold jewellery for the length of the times season And engagement and marriage.

On the global market stage, the label of an ounce of gold stabilized at a high stage of about 3292.10 greenbacks, which was as soon as reflected within the label within the neighborhood, as it reached about 163,871 kilos for sale and 163,160 kilos for admire, in mild of a cautious apply -as a lot as the anticipated American inflation knowledge, which might possibly well also play a decisive feature in investor orientations all over the field within the next stage.

As for the label of 18 -carat gold, which is most in vogue by the childhood class and enthusiasts of high -halt designs, it has recorded about 4024.25 kilos for sale and 4002.75 kilos for admire, which reflects somewhat steadiness compared with the old days, with persisted quiz as items of an perfect nature and a somewhat appropriate label.

The gold pound recorded a original develop within the native market, to reach about 37560 kilos for sale compared with 37360 kilos for admire, coinciding with the develop in quiz for gold as a gentle haven in mild of the steady changes in global markets and high inflation charges, as the cost of the pound increased by about 1000 kilos in precisely one month.

The costs of alternative calibers came without calculating the producer as follows, as 24 carat recorded about 5365.75 kilos for sale and 5337.25 kilos for admire, and 22 caliber reached 4918.5 kilos for sale and 4892.5 kilos for admire, whereas the 14 caliber recorded 3130 kilos for sale and 3113.25 kilos for admire, whereas the label of 12 carat reached 2682.75 kilos for sale and 2668.5 kilos To purchase.

The gold prices within the producer ranged from the denominator 21 between 4780 and 4950 kilos per gram, and the final label varies per the shape, materials and geographical plight of the retailer, as the producer tends to rise in high -halt or vacationer areas compared with in vogue locations.

Sherif Sami, President of the Nationwide Investment Firm and feeble Chairman of the Financial Supervision Authority, stressed the importance of gold as a gentle haven and a staunch retailer of price, especially in sessions of crises and market fluctuations.

“Sherif Sami, head of the Nationwide Investment Firm and feeble Chairman of the Financial Supervision Authority,” said that gold is residing globally in greenbacks, and attributable to this truth figuring out its label within the Egyptian market is straight associated to the global label and the label of the pound.

He added that investing in gold funds is an even formula to hedge from a decrease within the cost of the pound, as the investor maintains a commodity that has the same opinion with the global markets on its attach apart and price.

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