settled gold prices In the local market, today, Friday, 7-8-2022, with the stability of the ounce price globally, during the trading of the first days of Eid Al-Adha.
Gold price in Egypt today
21 karat gold price
gold price Caliber 21 settled in the local market at the beginning of today’s trading, recording about 958 pounds per gram, and it is the best-selling caliber in the local market.
24 karat gold price today
and record gold price 24 karat is about 1094.75 pounds per gram, and the caliber is considered the highest price in Egypt and the most expensive value.
18 karat gold price
And the price of 18 karat gold today, about 853 pounds per gram.
The price of the gold pound today
In turn, the price of the gold pound reached about 7,960 pounds, weighing 8 grams of 21 karat.
Global gold prices during July
Globally, gold prices fell, during the first trading of July, to below the key level of $ 1,800 for the first time in 2022.
Gold prices are preparing for a third consecutive weekly loss, after aggressive monetary policies from central banks and the rise of the US dollar weakened the attractiveness of bullion, according to Archyde.com.
In May, new US data revealed little immediate relief from the record pace of inflation that prompted the Fed to push for another big interest rate hike next month, but added to a growing sense that the worst may be over.
gold specification
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 an ounce that weighs “31.1 grams” is used as a unit of weight for jewelry and gold alloys.