Cairo – Mubasher: Saeed Imbaby, executive director of the “iSagha” platform for trading gold and jewelry over the Internet, said that gold prices in Egypt fell by about EGP 10 in the local markets during today’s trading, Saturday.
Imbaby stated, in a press statement, that a gram of 21 karat gold recorded the level of 2400 pounds, while an ounce settled at the level of 2010 dollars.
He added that a gram of 24 karat gold recorded 2743 pounds, a gram of 18 karat gold recorded about 2057 pounds, a gram of 14 karat gold recorded about 1600 pounds, and a pound of gold recorded about 19200 pounds.-
And gold prices had fallen by 100 pounds in trading yesterday, Friday, as a gram of 21 carat gold opened transactions at the level of 2510 pounds, and closed transactions at the level of 2410 pounds, while the ounce declined by a value of 6 dollars, as transactions opened at the level of 2016 dollars, and concluded at the level of 2016 dollars. 2010 bucks.-
He explained, Imbaby, that raising and lowering prices is still witnessing manipulation in the absence of clear determinants, as the exchange rate of the dollar has increased in the parallel market, and the global price has risen. It is a period that begins another gradual phase of raising prices to other unjustified levels.
He added that the entry of gold with returnees from abroad without customs will not solve the crisis, and it will be exploited, to make profits, by collecting and exporting abroad again.