decreased gold prices In Egypt, with all its calibers, at the beginning of trading today, Friday, August 19, 2022, following The Central Bank’s decision to fix interest rates.
Gold prices following the central bank’s decision to fix interest
24 caliber, following declining, recorded 1234.2 pounds for purchase, compared to 1222.3 pounds for sale, and 21 caliber traded in the goldsmiths market, 1080 pounds for purchase, compared to 1070 pounds for sale.
And 18 karat fell in stores to 925.7 pounds for purchase, compared to 921.5 pounds for sale, and 14 karat scored regarding 722 pounds for purchase, compared to 715 pounds for sale.
Gold price:
The price of the gold pound decreased by 40 pounds, to 8,640 pounds, and this price does not include workmanship, tax or stamp.
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.
Gold prices in Arab countries today:
Gold prices in the Arab countries today, Friday, August 19, 2022, continued their decline, which began in the middle of today’s trading, during trading.
The price of gold in the UAE:
The price of 24 karat gold records 207.67 dirhams
The price of 22 karat gold records 190.36 dirhams
The price of 21 karat gold records 181.70 dirhams
The price of 18 karat gold records 155.75 dirhams
The price of 14 karat gold records 121.14 dirhams
The price of gold in Kuwait:
The price of 24 karat gold recorded 17.38 dinars
The price of 22 karat gold recorded 15.93 dinars
The price of 21 karat gold recorded 15.20 dinars
The price of 18 karat gold recorded 13.03 dinars
The price of 14 karat gold recorded 10.14 dinars
The price of gold in Saudi Arabia:
The price of 24 karat gold recorded 212.20 riyals
The price of 22 karat gold recorded 194.51 riyals
The price of 21 karat gold recorded 185.67 riyals
The price of 18 karat gold recorded 159.15 riyals
The price of 14 karat gold recorded 123.78 riyals
Urgent.. The Central Bank of Egypt decides to keep interest rates unchanged
Importers Division: The Central Bank’s fixing of the interest rate contributes to lowering prices
Details of the Central Bank’s meeting today.. and the fact of raising interest
