The price of gold rose in the evening on Monday, worth two pounds, to mark the 21st caliber, the most widespread in Egypt, 634 pounds per gram, and thus the total increase in gold prices all day 4 pounds per gram.
The price of world gold continues to rise after the rate hike in America, said Mahdy Abdel Fattah, a member of the Seventh Day goldsmith's division. He stressed that the world's gold recorded $ 1,267, an increase of $ 4, which influenced the price of gold in Egypt.
A member of the goldsmith's division stressed that the gold increase to this figure is the highest in Egypt in the last 8 months, especially since 2018 did not see a significant jump in gold prices due to of the calm of world prices.
The prices of gold in Egypt are as follows:
Size 18: 543 pounds
Caliber 21: 634 pounds
Caliber 24: 724 pounds
Pound Gold: 5072 pounds
Ounces of gold: $ 1267
Ihab Wassef, member of the board of directors of the gold division, said that sales of gold 2018 increased by 20% compared to 2017 due to the improvement in the economic situation and the decline in inflation, in addition to the low interest on certificates banking, which has increased the demand for precious metal.
"There is a significant decline in the export of crude gold and there is a decline in exports of jewelry and precious stones in Egypt of 26% during the first nine months of 2018 in the period from January to September to record about 1.203 billion dollars , Compared to $ 1.626 billion during the same period of 2017.