to retreat The price of gold in EgyptDuring the beginning of trading today, Wednesday, October 19, in the goldsmiths’ shops, the price of a gram of gold decreased by 3 pounds.
and difference gold prices In Egypt, with 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 merchant to another, and it mostly represents a percentage ranging between 7% and 10% of the price The gram of gold, and the higher the percentage of metals 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.
and counting gold prices Today, Egypt has 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.
and provide «the week» For its followers to know everything regarding gold prices, as part of a continuous service it provides to its visitors in various fields, and you can follow up by clicking over here.
Gold price in Egypt today
24 karat gold price per gram
The price of a gram of 24 karat gold today is 1266 pounds, and it is considered the most prevalent in the Gulf countries.
21 karat gold price per gram
The price of a gram of 21 karat gold today is 1108 pounds, and it is considered the most prevalent in Egypt, especially the governorates of Cairo and Alexandria.
18 karat gold price per gram
The price of a gram of 18 karat gold is regarding 950 pounds, and it is considered the most prevalent in Upper Egypt.
14k gold price
The price of 14 caliber is regarding 741 pounds for sale and 743 pounds for purchase
The price of a kilo of gold
The price of a kilo of gold is regarding 1.27 million pounds for sale and 1.3 million pounds for purchase
How much is an ounce of gold in US dollars?
The price of an ounce of gold recorded regarding 1652 dollars.
gold pound price
The price of the gold pound is regarding 8850 pounds, and the price may vary from one dealer to another, and this price is equal to the value of gold in the pound, and its price is linked to the prices of a gram of 21 karat.
The price of an ounce of gold today in the global stock exchange
The price of gold today on the global stock exchange witnessed a change in prices during today’s evening trading, to rise in the spot contracts for gold and record regarding 1656.80 dollars, following recording 1654.78 dollars in the middle of trading, while the ounces in gold futures decreased and recorded regarding 1657.25 dollars, following recording 1660.05 dollars in midday trading today.
7 tips before buying gold
1- Before going into the process of buying gold crafts, it is necessary first to know some important points, such as the prices of grams of gold (18 – 21 – 24), the prices of workmanship, as well as the price of goods and services tax.
When buying any gold crafts, you must choose a trusted and reputable store, so that you can resell the products in the future without any problems.
2- When buying gold crafts, you must make sure that the cloves are an essential part of the weight of the gold, and that they are recorded in the purchase invoice within the net weight of the gold, and when selling, the merchant must count the cloves (gemstones and diamonds) within the weight of the gold jewelry and it is not required to disassemble them, as It is preferable to sell to the same merchant from whom it was purchased.
3- The price of workmanship varies from one dealer to another, so you should look for the lowest offered price for workmanship.
4- In the case of buying gold for saving, it is preferable to buy bullion because the workmanship is low on it and does not exceed 30 pounds, or gold pounds because its price is fixed and without workmanship, or broken gold and the workmanship on it ranges between 20 to 25 pounds.
5- Workmanship is not added except when buying only, but when selling it is according to the announced price only without workmanship.
6- Avoid selling on merchants’ holidays (Sunday), because you will become prey to the owners of a few shops and they will offer you the lowest price they have.
7- The merchant must be forced to weigh the gold in front of your eyes, and not be satisfied with the weight he mentions to you at the beginning, to make sure for yourself that the weight is safe and not manipulated.
How to calculate the price of gold when buying
To know how to calculate the price of gold when buying, we have to realize that the final price of gold is equivalent to multiplying the price of a gram by the weight of the gold to be purchased, plus the price of workmanship and the goods and services tax.
Example when buying an 18 karat gold ring weighing 3 grams, and the price of an 18 karat gold gram today in Egypt is 853.96 pounds. The final price is calculated by multiplying 3 x 853.96 = 2561 pounds, then adding to it the workmanship value, which ranges from 80 to 120 pounds, and a tax Goods and services equivalent to 2.5%.
How to calculate the price of gold in Egypt
To calculate the price of gold in Egypt, it is necessary to specify the type of carat, whether it is 24, 21 or 18, then the identifier of the weight of the jewelry in grams, the value of workmanship, as well as the value of the goods and services tax.
The number of grams is multiplied by the value of each gram following adding the manufacturing price and tax to it.
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