Gold is one of the most important commodities that are greatly affected by the noticeable changes in the situation, which causes gold to suffer from instability in prices, especially during that period, as gold prices in Egypt rose slightly during trading today, Friday, May 27, 2022.
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Gold prices in Egypt witnessed a slight increase during the middle of trading today, Friday, as the price of a gram of “21” gold reached about 1055 pounds, which is the value that was announced on the local stock exchange, while a gram of “24” gold recorded about 1210 pounds, and a gram of 18 karat gold, about 905 pounds.
While the price of a gram of gold “14” carat amounted to about 701 pounds, and the value of a pound of gold weighing 9 grams of 21 karat reached 8,440 pounds, and an ounce recorded 1854 dollars on international stock exchanges.
Gold prices after workmanship
All the previous prices are the prices of grams of gold without adding workmanship, but the workmanship of gold varies according to the size and shape of the piece, and from one place to another, and from one governorate to another, and from one jeweler to another.
Gold pieces are not sold before adding the workmanship price to them, and each goldsmith calculates it according to his method.
In addition to the official gold prices, on average, it ranges between 30 and 65 pounds, and this varies from goldsmiths’ shops from one governorate to another and from one merchant to another.
The price of a gram of “21” caliber starts from 1085 pounds after adding the lowest value of workmanship and stamping, while “18” caliber reached about 935 pounds, and the price of “14” caliber reached 731 pounds.
Where the value of workmanship and stamping 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 and important economic information, especially for those who are about to get married.
During this period, experts expect a decrease in the prices of gold bullets of all kinds, and this decline in the price of gold will continue during the coming period.
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