Witnessed The price of gold in Egypt A sudden rise today, Wednesday, August 24, 2022, in the goldsmiths’ shops, as the price of a gram of gold increased by about 11 pounds.
In the early hours of this morning, Wednesday, August 24, 2022, gold prices rose for all calibers, achieving an increase of 2.35 pounds for 24 karat, about 2 pounds for 21 karat and about 1.60 pounds for 18 karat.
And 21 karat recorded in gold shops 1077 pounds for purchase, compared to 1070 pounds for sale, and 24 karat, the price of 1230.8 pounds for purchase, compared to 1222.85 pounds for sale.
And 18 caliber rose in the shops, where it recorded 923 pounds for purchase, compared to 917 pounds for sale, and 14 caliber recorded about 720 pounds for purchase, compared to 714 pounds for sale.
gold price now
But a few hours after these slight increases, the price of gold in Egypt jumped suddenly, as the price of a gram of gold rose by about 11 pounds.
Gold prices in Egypt vary according to different regions and calibers, where the value of workmanship (the merchant’s wages for each gram in gold works) ranges between 30 and 60 pounds in the goldsmiths’ areas, while it rises for some traders to range between 120 and 150 pounds, and the value of workmanship on the gold pound is estimated at about 60 pounds.
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Gold prices today, Wednesday
The price of a gram of 24 karat gold recorded 1230.85 pounds, and it is the most prevalent type in the Gulf countries.
The price of a gram of 21 karat gold recorded 1077 pounds, and it is the most prevalent type in Egypt, especially the governorates of Cairo and Alexandria.
The price of a gram of 18 karat gold recorded 923 pounds, and it is the most prevalent type in Upper Egypt.
gold pound price
The price of the gold pound recorded 8616 pounds.
Gold price per ounce
Gold transactions are currently witnessing a divergence between ups and downs until the time of writing the news, as the price of an ounce, according to Bloomberg data, reached about 1758 dollars, the spot contracts for gold rose by about 0.6% to 1746.14 dollars per ounce, after its decline yesterday to 1727.01 dollars per ounce, which is The lowest level since the 27th of July.
gold contracts
US futures contracts for the yellow metal closed 0.7% higher at $1,761.2 an ounce, and business activity in the US private sector fell for the second month in a row in August, and also recorded its lowest level in 18 months.
silver price
On the other hand, spot silver rose 0.26% to $19.06 an ounce, platinum prices rose 0.5% to $879.94 an ounce, while palladium fell 0.8% to $179.69 an ounce.
Global gold prices
Gold prices rose globally on Tuesday, August 23, supported by the decline in the price of the dollar due to weak data on the activity of the private sector in the United States of America.
According to “Archyde.com”, the price of gold in spot transactions rose 0.76% to $ 1748.90 an ounce by 1705 GMT.
And gold prices fell over the past six sessions, and recorded $ 1727.01, on Monday, which is the lowest level since last July 27.
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