Witnessed gold price today A significant rise today, Saturday, September 3, 2022 in the goldsmiths’ shops, affected by several reasons, the most important of which is the change in the global stock exchange’s transactions today, as the global price reached 1715 ounces, which led to a significant movement in the price of gold in the local markets, as it rose for 21 karat gold by about 8 Pounds, 24 karat about 9.25 pounds per gram, and 18 karat about 6.85 pounds.
It is noteworthy that the price of the dollar rose in Egypt at the beginning of trading today, Saturday, with the Central Bank, commercial banks and exchange companies.
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The price of gold with 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 merchant to another, where it represents mostly 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 price today in Egypt
24 karat gold price per gram
The price of 24 karat gold is about 1265 pounds, and it is the most prevalent type in the Gulf countries.
21 karat gold price per gram
The price of a gram of gold today, 21 karat, is about 1108 pounds, and it is the most prevalent type in Egypt, especially the governorates of Cairo and Alexandria
18 karat gold price per gram
The price of a gram of gold today, 18 karat, is about 950 pounds in transactions, and it is the best-selling carat in Lower Egypt.
The price of the gold pound today
The price of the gold pound today in Egypt is about 8864 pounds, to win 24 pounds per pound, and the pound weighs 8 grams of 21 karat, the most prevalent in both Upper and Lower Egypt.
24 karat gold price per ounce
The price of an ounce of 24 karat gold increased by about 39,060 pounds, and an ounce weighs about 31 grams of 24 karat, the highest quality and least formed in Egypt.
24 karat gold price
The price of a kilo of 24 karat gold is about 1.265 million pounds today, and it weighs 1,000 grams.
Global gold prices
Globally, the price of gold rose today after a historic decline, while heading down for the third consecutive week, as data indicating the resilience of the US economy enhanced the possibility of the Federal Reserve keeping interest rates higher for a longer period and pegging the dollar near recent peaks.
Spot gold rose 0.1% to $1,697.80 an ounce, but is down 2.2% for the week so far, and US gold futures settled at $1,709.10, according to Archyde.com.
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