registered gold prices Today, Thursday, August 18, 2022, stability at the beginning of today’s trading, as gold recorded 1063 pounds per gram of 21 karat, and then rose in the middle of transactions until it recorded 1075 pounds per gram of 21 karat, to announce the decline once more during the day to record 1070, and the decline in gold prices recorded 5 pounds per gram, according to the latest gold price update.
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The gold price today in Egypt
The price of 21 karat gold, the most widespread, recorded regarding 1070 pounds for sale and 1087 pounds for purchase.
The price of 24 carat, the highest category, was regarding 1223 pounds for sale and 1242 pounds for purchase.
The price of a gram of 18 carat gold, the middle among the gold bullets, reached regarding 931.7 pounds per gram.
The price of a gram of 14 karat gold, the lowest, was regarding 716 pounds for sale and 726.7 pounds for purchase.
The price of the gold pound reached regarding 8.512 pounds for sale and 8696 pounds for purchase, and an ounce of gold regarding 37.818 pounds for sale and 38.173 pounds for purchase, and a kilo of gold regarding 1,216,000 pounds for sale, and 1,227.429 pounds for purchase.
Gold Specifications:
Gold varies on several karat, categorized according to the percentage of gold in each kilo, the most expensive of which is 24 karat, as it has the highest gold content of 99%.
The price of gold in the stamp and workmanship
The price of gold in Egypt varies according to workmanship, from one goldsmiths shop to another. The average price of workmanship and stamping in goldsmiths’ shops ranges between 30 and 65 pounds, depending on the type of gold carat, and in different goldsmiths’ shops, and from one governorate to another, and from one trader to another.
It mostly represents a percentage ranging between 7% and 10% of the price of a gram of gold, and the higher the percentage of minerals present, the less the carat, and the ounce that weighs “31.1 grams” is used as a unit of weight for jewelry and gold alloys.
Gold prices today in Egypt are valuable economic information, especially for those who are regarding to marry, as well as investors, given its connection to the global economy, at a time when the economy of many countries has deteriorated, and gold has become a safe haven for many, whether in Egypt or in the rest of the Arab countries.