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The average price of gold Friday, up 3 pounds, in the money market, where the price of gold reached 24 to 793.93 pounds, against 790.50 on Thursday.
Wasfi Amin Wassef, head of the General Division of Gold and Jewelery at the General Federation of Chambers of Commerce, said the increase was eagerly awaited and only delayed by the decline in the dollar's market price. Egyptian.
Wasif said in a press release that the current time is experiencing a rise in gold prices globally, but that this rise has not manifested itself on the world market. domestic market due to the decline of the dollar.
Head of the gold division, the overall yield is high and continues to increase, explaining that in the last two or three days, the price of gold has risen by about 11 dollars, but we did not notice this increase because of the dollar's decline.
With the constant fluctuation in the price of gold, it is advisable for the owner of one of his stores to buy gold bullion or gold pounds because of its lack of workmanship and not buying jewelry such as rings or bracelets, among others, because of constant wear and friction.
He also stressed the need to learn about the pound of gold before buying because the existence of low caliber species is not worth its price. The most guaranteed types are "Egypt Gold" or "Lazorde", adding that the first two types of damage are not detrimental to their purchase containing cloves or stones, when the company provides a guarantee. Buy stones from them.
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