How does the gold market handle standard levels in Egypt?

The increase in the supply of gold in Egypt is related to a noticeable stagnation in the market, amid a constant rise in prices, and the price of the best 21 -sell gram in the country will reach 4500 pounds. “The situation stands, we say two months, not selling or purchasing … The golden market sees a large stagnation, and prices rise day after day, increasing the lack of rise and the state of stagnation,” says Mahmoud Saleh, the owner of a goldsmith in Giza -Governor, north of Egypt, which is the case of most of the forms of the Gold, the A mostly the shape of the form, where the gold is in Egypt, this is the case of the most forms of the form, where the gold is in the gold, where the Golden is in Egypt, this is the case of most of the form of the shape, where the gold in the gold market is increased in the supply amid a significant decline in demand. Gold prices in Egypt rose 11% in March in March compared to the last quarter of last year, while prices rose 30% year -on -year, after gold prices were 4,170 pounds locally for the most popular and popular grams of the 21 -caliber in Egypt, compared to 3750 pounds for the last December, and 3200 pounds in March 2024. Egypt to its increase worldwide, considering that it is the most important factor to shift the price of the yellow metal in Egypt, and that it is not a matter of supply and demand, as gold supply exceeds the demand for it. Faraj has already ensured that gold has become a basic demand for central banks in the world as a guaranteed hedging tool, and expects its world price to be more than 3100 dollars per ounce during the first half, so that the local price in Egypt rises to about $ 4,300 for the most popular 21 -karat in Egypt, an increase of about 5% of the price. The Minister of Provision also expected Egyptians’ purchases of gold to decrease during 2025 from last year, in which purchases recorded about 50.1 tonnes of gold, according to a census of the World Gold Council, due to the consecutive rise in its prices this year. The ‘weak’ movement of Hani Milad, head of the gold division of the Federation of Chamber of Commerce, told Al -Sharq that the movement of gold in the local Egyptian market is ‘very weak’, adding that the percentage of gold purchase is currently ‘very limited’, resulting in an increase in the export of the yellow metal. Milad also expected gold prices worldwide to $ 3100 per gram in the coming months, considering that the high global gold price for this scope will increase its price locally between 250 and 300 pounds, to reach about 4500 pounds per gram of 21. Investors externally, and uncertainty from the economic future of the currency, which leads them to a safe haven for investment and the demand for gold. Trump’s customs duties supported secure ports prices, in his interview with “Al Sharq”, explained that the state of uncertainty for foreign investors is due to US President Donald Trump’s decisions to take some economic measures, such as setting up customs duties on America’s most prominent trading partners. The Gold Division of the Federation of Industries, said that the “Goldman Sachs” foundation increased its expectations for the global gold price, amid uncertainty due to the global circumstances, saying that the wavy to stop the Russian war war could create a state of relative calm in demand for gold worldwide. ‘Goldman Sachs’ raised its forecast for the price of gold to $ 3100 an ounce at the end of this year, from reference to the constant demand of central banks. The World Gold Council charged the arrival of the volume of Egyptians gold during 2024 to 50.1 tons of gold, with 12%, from the purchases of Egyptians of Gold in 2023. Lotfi Munib, Deputy Head of General Distribution of Gold and Jewelry in the Federation of the Rooms of the Rooms, which is by the states of the American, is a lead of the conditions of the conditions, is a penchant for the front. are not controlled by rules and cannot be expected. He pointed out that America’s tendency to support the digital currency market increases the chances and possibility of the high price of gold. The deputy head of the division said in his conversation with ‘Al -Sharq’ that the possibilities of the rise in prices are very possible, and it is corresponding to the same intensity as the possibility of decline as military conflicts in the world between Russia and Ukraine and reached an actual settlement in Gaza and the situation in Syria.