We publish the price per gram gold In Egypt today, Wednesday, June 19, 2024, the fourth day Eid al-Adha For the year 2024, to record levels of 3130 pounds per gram of 21 caliber It is the best seller in Egypt, down about 10 pounds.
Gold prices now in Egypt:
24 karat records 3577 pounds.
21 carat costs 3130 pounds.
18 karat weighs 2683 pounds.
The gold pound is 25,040 pounds.
The market condition over the past three months – according to major traders of the yellow metal in Egypt – was not good due to the calm in investment demand, after the decisions of the Central Bank on March 6, 2024, which restored discipline to the economic situation and the disappearance of the phenomenon of speculation on gold, which contributed to the decline in prices and a decrease in… Request too
A number of gold traders confirmed that Eid al-Adha is an occasion through which the market situation can be measured, as it is known to be one of the occasions in which the demand for gold increases, especially in Upper Egypt, expressing at the same time their fear of the continued negative impact of the market due to the decline in investment demand.
Sameh Abdel Hakim, a member of the Gold Division, expected that the markets would not witness a boom on Eid al-Adha, attributing this to the fact that Eid al-Adha is very different from Eid al-Fitr, because the Egyptian family’s priorities are to buy sacrificial animals and not to buy gold or buy crafts for the network.
In private statements, Abdul Hakim suggested that demand in the markets would return to regularity after the Eid for a period of approximately 10 days with the return of pilgrims, as some buy gold with their remaining savings after returning to the homeland.
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