1116 pounds… a sharp drop in the price of gold, and a surprise in 24 karat

The price of gold in Egypt, at the conclusion of today’s trading, Friday, February 17, 2023, is what lovers of the yellow metal are most looking for, especially those about to get married, after it witnessed a sharp decline during the past few hours, as 21 karat recorded about 1685 pounds for sale and 1675 for buying.

The price of a gram of gold in its various calibres decreased in the Egyptian goldsmiths’ shops, and lost 5 new pounds, after the price of an ounce in the global market fell to the level of 1827 dollars, a decrease of about 9 dollars.

The gold price in Egypt today, Friday, February 17, 2023

The price of 24 karat gold in Al Sagha stores

The price of a gram of 24 karat gold recorded about 1925 pounds for sale and 1914 for purchase.

21 carat gold price in egypt

The price of a 21-gram gram recorded 1685 pounds for sale and 1675 pounds for purchase

22 karat gold price in egypt

The price of 22 carat gold recorded about 1765 pounds for sale and 1754 pounds for purchase.

18 karat gold price in egypt

The price of a gram of 18 karat gold in Egypt is 1444 pounds for sale and 1435 pounds for purchase

gold today

14 karat gold price

The price of 14 karat gold in Egypt recorded 1123 pounds for sale and 1116 pounds for purchase.

12 karat gold price

The price of 12 carat gold recorded about 962 pounds for sale and 957 pounds for purchase

9 karat gold price

The price of 9 carat gold recorded about 722 pounds for sale and 717 pounds for purchase

The price of a gold pound in Egypt

The price of the gold pound in Egypt recorded 13,480 pounds for sale and 14,685 pounds for purchase

The global price of gold

Global gold prices recorded, in trading on Wednesday in the global markets, a decline of more than 1%, with rising expectations regarding the continuation of raising interest rates in the United States.

Global gold prices were affected by the rise of the US dollar against other major currencies, in addition to the rise in the 10-year Treasury yield at 3.81%, according to Archyde.com.

Data released today revealed that retail sales in the United States rose 3% in January, exceeding expectations for a 1.9% rise.

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