The price of gold in Egypt stabilized today, Sunday, July 24, 2022, as 21 karat in goldsmiths shops recorded a level of 987 pounds per gram.
gold price today
24 karat gold price per gram
The price of a gram of 24 karat gold, the most traded one in the Gulf countries, reached regarding 1128 pounds.
21 karat gold price per gram
The price of 21 karat gold, the most prevalent in Egypt and the cities of Upper Egypt, reached the level of 987 pounds per gram.
The price of a gram of gold today is 18 karat
And the price of 18 karat gold, the most traded in the cities of Lower Egypt, reached regarding 846 pounds per gram.
14 karat gold price per gram
And the price of a gram of 14 karat gold in Egypt today is regarding 660 pounds.
gold pound price
The price of the gold pound, without workmanship, stamp or tax, reached the level of 7896 pounds.
gold ounce price
The price of an ounce of gold today in Egypt reached regarding 1727 dollars.
Global gold price
Gold prices rose in global markets on Friday, supported by lower US Treasury yields, although the prospects of the Federal Reserve raising interest rates and the strengthening of the dollar limited the gains.
And gold futures contracts increased by 0.8%, to record $ 1727 an ounce, and the price of an ounce of gold in spot transactions rose by 0.5%, to reach $ 1727.09, and gold rose by regarding 1.2% on a weekly basis.
Investors are awaiting the results of the Federal Reserve’s meeting on monetary policy on July 26 and 27, it is expected to raise the price by 75 basis points to curb rising inflation, and high interest rates increase the opportunity cost of holding the precious metal that does not generate stable returns, while strengthening the dollar that makes gold Too expensive for overseas buyers.
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.
