Dollar gold prices spark .. And "21-carat" record 347 pounds
Dr. Wasfi said Amin President descriptors Jewellery Division General Federation of Egyptian Chambers of Commerce Tuesday that the high price of the dollar against the pound in the parallel market sparked gold prices in Egypt and the price of a gram of "21 carat" most requested in Egypt 347 pounds.
He added descriptive that there is a gap between the declared price of gold and market prices as a result of the gap between the U.S. dollar exchange rate in the banks and the parallel market as a result of lack of supply of the greenback and dissipate the difference in price once the dollar crisis.
And average prices Tuesday, said that the price of a gram of "18K" reached 297 pounds, and the price of a gram of "24 carat" 396.60 pounds, while the pound gold 2814 pounds.
For gold prices declared, recorded price of a gram of "24 carat" 345.2 pounds, and a gram of "18K" 258.94 pounds, and a gram of "21 carat" 302.02 pounds.
He said that the gold market suffers from a full freeze as a result of a lack of liquidity and high cost of living where there is no surplus in most Egyptian families to buy luxury goods.
He pointed out that gold trading is about zero percent of jewelery in the market, down from 10% previously.
Dr. Wasfi said Amin President descriptors Jewellery Division General Federation of Egyptian Chambers of Commerce Tuesday that the high price of the dollar against the pound in the parallel market sparked gold prices in Egypt and the price of a gram of "21 carat" most requested in Egypt 347 pounds.
He added descriptive that there is a gap between the declared price of gold and market prices as a result of the gap between the U.S. dollar exchange rate in the banks and the parallel market as a result of lack of supply of the greenback and dissipate the difference in price once the dollar crisis.
And average prices Tuesday, said that the price of a gram of "18K" reached 297 pounds, and the price of a gram of "24 carat" 396.60 pounds, while the pound gold 2814 pounds.
For gold prices declared, recorded price of a gram of "24 carat" 345.2 pounds, and a gram of "18K" 258.94 pounds, and a gram of "21 carat" 302.02 pounds.
He said that the gold market suffers from a full freeze as a result of a lack of liquidity and high cost of living where there is no surplus in most Egyptian families to buy luxury goods.
He pointed out that gold trading is about zero percent of jewelery in the market, down from 10% previously.
