Today, Monday, the price of 24 carat gold stabilized at 1132 pounds per gram, and the carat is considered the highest price in Egypt and the most valuable.
21 karat gold price
The price of 21 carat gold in the Egyptian market stabilized today, Monday, recording regarding 990 pounds per gram, and the carat is the best-selling in the local market.
18 karat gold price
Today, Monday, the price of 18 karat gold reached regarding 848.5 pounds per gram.
14 karat gold price
And the price of 14 karat gold today was regarding 662 pounds.
gold pound price
The price of the gold pound reached regarding 7,920 pounds, as it weighs 8 grams of 21 karat, without workmanship, stamp or tax.
Gold prices fell at the end of trading last Friday, to record the fifth weekly decline in a row, as the continuous rise of the dollar and fears of a sharp rise in US interest rates affected the demand for bullion.
The price of gold fell 2.1% during trading last week, and the dollar is hovering around its highest levels in 20 years, to continue to reduce the demand for gold denominated in the US currency among foreign investors, following the precious metal fell more than 2% on Thursday.
Gold Specifications:
Gold varies on several karat, categorized according to the percentage of gold in each kilo, the most expensive of which is 24 karat, as it has the highest gold content of 99%.
The price of gold in the stamp and workmanship
The price of gold in Egypt varies according to workmanship, from one goldsmiths shop to another. The average price of workmanship and stamping in goldsmiths’ shops ranges between 30 and 65 pounds, depending on the type of gold carat, and in different goldsmiths’ shops, and from one governorate to another, and from one trader to another.
It mostly represents a percentage ranging between 7% and 10% of the price of a gram of gold, and the higher the percentage of minerals present, the less the carat, and the ounce that weighs “31.1 grams” is used as a unit of weight for jewelry and gold alloys.
Gold prices today in Egypt are valuable economic information, especially for those who are regarding to marry, as well as investors, given its connection to the global economy, at a time when the economy of many countries has deteriorated, and gold has become a safe haven for many, whether in Egypt or in the rest of the Arab countries.