Today, Thursday, October 6, 2022, in the middle of daily transactions in the local markets, the price of the gold pound in Egypt decreased. This was a result of the decline in the price of the yellow metal globally, which was impacted by weak gold trading on the global stock exchange, the stability of the dollar price relative to the Egyptian pound in the money market, and the decline in the buying and selling activity in the local gold markets.
Today, Thursday, during the regular trading hours on the gold market in Egypt, there was a reduction in the price of the gold pound as well as other forms of gold pricing.
The following prices were recorded throughout the daily trade in the local markets as the price of the gold pound:
The current going rate for a gold pound is 8750 Egyptian pounds.
The cost of the gold pound on the market right now is 8800 Egyptian pounds.
Today, Thursday, during regular trading in the local markets, gold prices decreased in Egypt.
24 carat gold costs 1244 Egyptian pounds for one gramme.
A gramme of 22-karat gold costs 1135 Egyptian pounds.
A gramme of 21-karat gold is currently worth 1075 Egyptian pounds.
The cost of a gramme of 18-karat gold today is 920 Egyptian pounds.
A gramme of 14-karat gold is worth 716 Egyptian pounds on the open market.
The parameters of gold vary depending on the calibre and the amount of gold in it. 24 karat gold has the highest proportion of pure yellow metal, while 22 karat gold is less pure, 21 carat gold is the most popular on the Egyptian market, and 18 karat gold is the least expensive. Unlike the craftsmanship estimate that is added to the price when purchasing or selling, the cost-effective 14 gauge.
The price of gold fell globally Thursday, with less trading on the less valuable metal due to the strengthening of the dollar, and investors opted to place their bets on the greenback. The price of gold was 1714 dollars per ounce today, down from 1718 dollars an ounce on Wednesday.
Egypt’s gold pound’s value decreased today, October 6, 2022.
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