Gold prices in Egypt witnessed, during the beginning of trading today, Monday 11-21-2022, stability, as the price of “21” karat reached about 1292 pounds, while “24” recorded about 1477 pounds, and “18” recorded about 1107 pounds.
While the price of 14 karat gold reached about 861 pounds, and the value of the gold pound reached 10336 pounds, and an ounce recorded 1752 dollars on international stock exchanges.
Gold prices after workmanship
In addition to the official gold prices, on average, between 30 and 60 pounds, the value of workmanship and the stamp, which is obtained by merchants or the owner of the goldsmith’s shop, and the price of a “21” gram starts from 1352 pounds after adding the value of workmanship and stamp, while the “18” carat reached about 1267 pounds, and the price of “14” karat reached 921 pounds.
It is noteworthy that gold prices vary from one goldsmith’s shop to another, from one province to another and from one merchant to another, as it often reaches between 7% and 10% of the price of a gram of gold.
Gold price stamp and workmanship
Gold prices in Egypt differ in terms of workmanship, from one goldsmith’s shop to another, and the average price of workmanship and stamping in goldsmith’s shops ranges between 30 and 65 pounds, depending on the type of gold karat, and in different goldsmith’s shops, and from one governorate to another, and from one merchant to another.
It mostly represents between 7% and 10% of the price of a gram of gold, and the higher the percentage of minerals present, the lower the karat. The ounce, which weighs “31.1 grams”, is used as a unit for the weight of jewelry and gold bars.
Gold prices today in Egypt are valuable economic information, especially for those about to get married, 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 the rest of the Arab countries.