The Egyptian gold markets witnessed an upward trend during the evening trading today, Wednesday, April 12, in conjunction with the unexpected performance of the global stock market, especially after the recent federal statements that hit gold and reduced its profits after the rise by about 1.3%, as the consumer price index data was issued and recorded. A positive shift in the path of the main index, and the rise in inflation slowed to 5.00%, reversing its ascent.
Gold prices now in Egypt
As a result, gold prices in the goldsmiths’ markets witnessed an upward trend, coinciding with the lack of supply in the market, as the price of a gram of 24 karat gold recorded about 2486 pounds, while 22 karat in the goldsmiths’ markets reached 2357 pounds, and the price of a gram of 21 karat gold reached 2175 pounds. The price of a gram of 18 karat gold reached 1864 pounds, while the 14 karat recorded about 1500 pounds, and the price of a gram of 12 karat gold reached 1285 pounds, and the price of a pound of 8 grams of 21 karat gold reached about 17400 pounds.
| The gold price today, Wednesday, April 12, in Egypt |
| The price of gold | sell | buy |
| 24 karat | 2486 pounds | 2462 pounds |
| 22 caliber | 2357 pounds | 2237 pounds |
| 21 caliber | 2175 pounds | 2150 pounds |
| 18 karat | 1864 pounds | 1854 pounds |
| 14 karat | 1500 pounds | 1483 pounds |
It is noteworthy that these prices are without calculating the value of tax and workmanship, which controls the price variation from one store to another according to the geographical area, which ranges between 40 and 140 pounds at a rate of 7% to 10% of the price of a gram of gold, according to what was determined by the Chamber’s Gold Division. Commercial in Cairo, in addition to the formation of gold artifacts.
It is worth noting that the global markets strongly reduced gold profits during trading today, Wednesday, as futures contracts recorded about $ 2021.10 an ounce, up by 0.10%, while the profits of spot contracts shrank to 0.14%, to record $ 2006.14 an ounce, and the US dollar index is still down by 0.64% against basket of foreign currencies.