Movements in the price of gold today in Egypt, Saturday, June 5, and expectations for gold prices in the coming days

Witness The gold price today in Egypt, Saturday, June 5th The current trend is a sudden increase compared to the prices of yesterday, Friday, after days of fluctuations in the prices of the yellow metal, and gold prices in Egypt varied in the goldsmiths’ shops, but this difference is small, and this fluctuation in prices comes as a result of many factors, as gold is affected by the dollar up and down, and it rises when the occurrence of International or local crises, such as the collapse or rise of oil prices, the occurrence of wars, or the existence of trade crises.

The gold price today in Egypt, Saturday, June 5, 2021

Here and in crises, gold is the safe haven that investors and the general public resort to. When the dollar price drops globally, there is a demand for gold, which raises its prices. Gold, like any commodity, is subject to supply and demand, in addition to internal and external factors.

Movements in the price of gold today in Egypt, Saturday, June 5, and expectations for gold prices during the coming days 3
The gold price today in Egypt
  • And the price of gold today in Egypt recorded from 922 to 925 for 24 karat.
  • As for caliber 22, it recorded today from 845 to 848 pounds per gram.
  • As for the 21 carat, which is the most widely traded in Egypt, the gram recorded 807 to 809 pounds per gram.
  • And the price of a gram of gold today, of 18 karat, was about 692 to 693 pounds.
  • As for the price of an ounce of gold today, it recorded 28,683 to 28,754 pounds
  • The price of the gold pound reached 6,456 to 6,472 pounds.

Dr. Naji Farah, head of the Economic Committee of the Cairo Chamber of Commerce, said in his statements today, that the recent increase in gold prices came as a result of the increase in international prices, and he expected the increase in the price of the yellow metal to continue in the coming days.

Gold price predictions today in Egypt and over the coming days

And about price predictions gold In Egypt over the coming days, there are expectations of a rise in the price of gold in Egypt, in light of the continuation of the Corona crisis, and there are expectations of an increase in the number of injuries during the coming days and during this April and May, and the government may resort to taking more precautionary measures.

This was stated by the Secretary of the Gold Division, Mr. Nadi Naguib, confirming the availability of gold crafts with light weights in the goldsmiths’ shops, in line with the current recession and the recent decline in purchasing power among citizens, and the new increase is the result of the rise in international prices, and you can follow the price of gold on a daily basis and update around the clock through this link.

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In a related context, there are some tips for buying gold during these days, especially during the current days in which prices are witnessing an increase, as it is possible to buy gold of 18 karat because it is less than 100 pounds than its counterpart of 21 karat, as well as light weights can be chosen, and there are Goldsmiths markets now weigh less than a gram, and are suitable as gifts and are inclusive of tax and workmanship.

Movements in the price of gold today in Egypt, Saturday, June 5, and expectations for gold prices during the coming days 4

Source: مصر فايف by

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