Gold prices fell significantly during the middle of trading today, Saturday, May 14, 2022, as a continuation of the decline witnessed since yesterday, following a large series of rises that continued for several weeks.
The price of a gram of 21 karat gold, the best seller in Egypt, reached 1215 pounds, the highest rise in history.
The decline in gold prices is due to the rise in the price of the pound once morest the dollar, in addition to the drop in the price of an ounce globally.
And here is the average price of gold during the middle of today’s trading in the goldsmiths’ shops in Egypt without workmanship:
Unit: The price of gold in Egyptian pounds
24 karat sell 1,251 buy 1,274
22 karat sell 1,147 buy 1,168
21 karat sell 1,095 buy 1,115
18 karat sell 939 buy 956
Caliber 14 Sell 730 Buy 743
12 caliber sale 626 buy 637
Sell 38,919 ounce buy 39,630
Gold Pound Sell 8,760 Buy 8,920
Kilo Sell 1,251,429 Buy 1,274,286
Gold prices may vary from one goldsmith to another.
