At the beginning of trading today, Tuesday, the state of fluctuation in the price of gold continues to lose 15 pounds in yesterday’s trading, and return to recover it 10 pounds and 5 pounds during evening trading, to return to the levels of the beginning of trading yesterday, and then lost two pounds at the end of trading, to record 21 karat price of 1063 pounds.
Gold price in Egypt today
The price of 18 karat gold recorded regarding 911.25 pounds.
The price of 21 karat gold recorded regarding 1063 pounds.
The price of 24 carat gold recorded regarding 1214.75 pounds.
The price of 14 karat gold recorded regarding 708.75 pounds.
The price of the gold pound recorded regarding 8,504 pounds.
global gold prices
Gold prices fell more than one percent to their lowest level in a week on Monday, amid a sharp decline in the prices of other precious metals, with the rise of the dollar, in light of concerns regarding the US Federal Reserve raising interest rates, which increases pressure on the yellow metal.
Spot gold fell 1.2 percent to $1,780.40 an ounce by 1750 GMT, following hitting its lowest level since August 8 earlier in the session.
And US gold futures fell 1.06 percent to $ 1796.30.
The dollar index rose 0.4 percent, making gold and other commodities priced in the green currency more 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 an 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.
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