Gold prices fell in the local market at the beginning of trading today, Wednesday 7-9-2022, at a value of 3 pounds, in conjunction with the decline of the ounce globally due to the strength of the dollar and investors’ expectations of the interest decision by the US Federal Reserve.
The global price of an ounce decreased by 0.61%, recording $1703.57 an ounce.
Gold price today, Wednesday:
A gram of 24 karat gold recorded a value of 1265.25 pounds for purchase, compared to 1259.5 pounds for sale.
And a gram of gold today, 21 karat, recorded 1107 pounds for purchase, compared to 1102 pounds for sale.
And 18 karat gold rose, about 1.7 pounds, at the beginning of today’s trading, compared to a decrease of 2.75 pounds throughout the day.
The gold pound gained 16 pounds in its trading today, compared to a loss of 24 pounds during the middle of the day.
The price of gold with 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.
Gold prices today in Egypt are valuable economic information, especially for those who are about 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.
The gold price today, Wednesday in the UAE:
The price of gold fell today, Wednesday, in the United Arab Emirates, after its trading witnessed an increase at the beginning of the day.
24 karat gold
The price of gold today, 24 karat, recorded about 200.71 dirhams.
22 karat gold
The price of 22 karat gold reached 183.98 dirhams.
21 karat gold
The price of 21 karat gold reached 175.62 dirhams.
18 karat gold
The price of 18 karat gold is trading at 150.53 dirhams.
14 karat gold
The price of 14 karat gold reached about 117.08 dirhams.