Gold prices in Egypt witnessed an increase during today’s trading, Wednesday, January 24, 2024, with 21 karat recording at about 3,825 pounds per gram.
At the global level, gold prices recovered from their early losses, today, Wednesday, to trade stable with the US dollar declining from its highest level in six weeks, while investors await a series of economic reports scheduled to be issued this week.
Spot gold prices remained at $2,030.57 per ounce. US gold futures rose 0.2 percent to $2,030.50.
Today’s gold price is 21 karat
The price of 21 carat gold rose to 3,825 pounds per gram, as it is the best-selling karat in the local market.
Today’s 24 karat gold price
While the price of 24 carat gold recorded about 4371.5 pounds per gram, it is considered the highest price in Egypt and the most valuable.
18 karat gold price
In the same context, the price of 18 karat gold today reached about 3278.5 pounds per gram.
14 karat gold price
While the price of 14 karat gold today reached about 2550 pounds per gram.
The price of the gold pound today
While the price of the gold pound reached about 30,600 pounds, as it weighs 8 grams of 21 carat.
Gold prices in Egypt vary according to the price of workmanship, which varies from one store to another, and the average price of workmanship and stamping in goldsmiths’ shops ranges between 100 and 130 pounds.
This varies according to the type of karat of gold, as well as the difference between goldsmiths’ shops, from one governorate to another, and from one merchant to another.
It usually represents a percentage ranging between 7% and 10% of the price of a gram of gold, and the higher the percentage of metals present, the smaller the carat. An ounce, which weighs “31.1 grams,” is used as a unit for weighing jewelry and bullion.
The post first appeared on amwalalghad.com