After falling by 18 pounds during yesterday’s trading, gold prices in Egypt stabilised in the midst of today’s trade, Sunday, October 2.
The cost of a gramme of 24 carat gold, which has the highest worth and classification among gold bullets, was approximately 1272 pounds as of today, Sunday.
Additionally, the cost of a gramme of 22-carat gold in today’s market was around 1166 pounds.
Today, Sunday, the cost of a gramme of 21 carat gold, the most popular and extensively traded type of gold, was around 1113 pounds.
On Sunday, the equivalent weight of an average gramme of 18 carat gold was 954 pounds.
The value of one pound of gold The price of a gold pound was at 8904 pounds as of today, Sunday.
In Egypt, the cost of gold varies from one goldsmith shop to another depending on the quality of the work.
According on the type of gold carat, the goldsmiths’ shops, the goldsmiths’ shops, the merchants, and the governorates, the average cost of workmanship and stamping in the goldsmiths’ shops is between 30 and 65 pounds.
The ratio typically runs between 7% and 10% of the price of a gramme of gold; the more minerals present, the lower the carat; and the ounce, which measures “31. 1 grammes,” is used as a unit of weight for jewellery and gold alloys.
Gold prices in Egypt nowadays are regarded as important economic data, particularly for investors and individuals who are ready to get married. Gold has turned into a shelter for many, whether in Egypt or around the world, because of its connection to the global economy at a time when the economies of many nations have worsened.
As a result of the global reduction in the price of an ounce of gold from 1664 dollars to 1662 dollars, supported by the strengthening of the dollar, gold prices in Egypt also saw declines during the course of last week’s trade, at a value of 18 pounds per gramme.
Today, Sunday, October 2, 2022, gold prices are stable.
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