Gold prices witnessed price fluctuations in the local markets during last week’s trading, due to the volatility of the ounce trading movement on the global stock exchange, in light of the blurring outlook around the US economic stimulus policy to confront the Corona epidemic crisis, and keeping the US central bank on low interest rates.
Sherif Zaki, head of the “Jolly Gold Egypt” company for trading and manufacturing gold and jewelry, said that gold prices witnessed price fluctuations in the local market throughout the week, as gold was subjected to a wave of ups and downs, which led to no new increase in prices compared to last week, despite From the slight rise in the price of an ounce on the global stock exchange.
He added to the “Stock Exchange”, that a gram of 21 carat gold opened last Monday’s trading at the level of 795 pounds, and ended the week’s trading on Saturday evening at 795 pounds as well, but it touched the level of 806 pounds in the middle of the week, while the ounce opened at 1812 dollars, and ended the transactions The week is at $ 1,823, but it touched $ 1854 mid-week.
Zaki explained that a 24-carat gold gram recorded 909 pounds, and 18 karat records 681 pounds, and the price of a pound of gold was 6360 pounds.
The article: Gold is witnessing price fluctuations within a week … and 21 gauge records 795 pounds, it was written in the Al-Borsa newspaper.