2 Days
Source:
بوابة الشروق
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Gold member: Price gaps under 30 pounds
A member of the Gold Division denied the existence of a significant disparity in gold prices among jewelry shops, explaining that prices fluctuate constantly and the maximum differences range between 20 to 30 Egyptian pounds. He pointed out that the price depends on the international ounce rate on the global stock exchange, the exchange rate of the Egyptian pound against the dollar, and the supply and demand dynamics in the local market. He also noted that online sales platforms do not update prices instantly. Additionally, he confirmed that traders apply a limited profit margin and that price differences do not reach 300 or 400 pounds. He warned against purchasing "broken" or second-hand gold, advising sales only in cases of urgent financial need.
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