Gold prices in Egypt increased today, Monday, October 31, 2022, during daily transactions in local markets, as the price of a gram of gold today came up from 8 to 10 pounds from the price of Sunday, despite the decline in the price of the yellow metal globally on the first working day on the World Stock Exchange after the end Due to the weekly holiday (Saturday and Sunday), but also to the strengthening of the dollar versus the pound, gold prices in Egypt have increased recently despite a decline in the buying and selling activity in the local markets.
According to information posted on the Egyptian Gold Stock Exchange, gold prices in Egypt decreased today, Monday. This is in contrast to the stability of the yellow metal’s price globally, which was 1639 dollars an ounce today compared to 1644 dollars an ounce yesterday.
In Egypt today, Monday, during regular business in the local markets, gold prices increased.
A gramme of 24-carat gold is worth 1390 Egyptian pounds.
The price of a gram of 22: 1320 pounds.
A gramme of 21-carat gold is currently priced for 1220 Egyptian pounds.
18 karat gold costs 1045 Egyptian pounds per gramme currently.
Gold that is 14 karats thick costs 813 Egyptian pounds.
While the 22 calibre is less than the 24 calibre in terms of the percentage of pure yellow metal in it, the 21 calibre is the most popular in the Egyptian market, followed by the 18 calibre in price, and gold 14 carat economy, unlike the factory account that is added to the price when buying or selling. Gold specifications also vary according to the bullets and the percentage of gold in them.
While Monday’s local market prices for gold alloys in Egypt were recorded, the following:
A weight of 5 grammes of gold costs 7700 EGP.
The cost of gold is 15400 EGP for a weight of 10 grammes.
Gold costs 30800 EGP for a weight of 20 grammes.
Today, Monday, October 31, 2022, Egypt utilised the following gold rate:
22 carat used gold costs 984 Egyptian pounds per gramme currently.
21 karat used gold costs 915 Egyptian pounds per gramme currently.
18 karat used gold costs 825 Egyptian pounds per gramme currently.
The price of gold fell globally today, Monday, due to the weak trading on the yellow metal on the first working day at the World Gold Stock Exchange after the end of the weekly leave (Saturday and Sunday), as the price of gold today came globally 1639 dollars an ounce, compared to 1644 dollars an ounce on Sunday.
Egypt’s gold prices rose on Monday, October 31, 2022.
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