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Gold prices during trading today, Wednesday November 18, 2020, fell by around 8 pounds in all Egyptian goldsmith shops, and currently there is a state of decline and price increase in the markets, increasing the status of serious confusion in prices.
Gold prices fell in today’s trading markets
It is also mentioned that the prices of the yellow metal in Egypt with labor differ from one goldsmith to another, and also the average price of labor and the stamp in the goldsmith shops ranges between 30 and 65 pounds and is determined according to the type of gold gauge, and also by the different shops of the goldsmiths and from each governorate to governorate. Another and from dealer to dealer.
It should also be noted that labor represents many times the percentage that oscillates between 7% and 10% of the price of a gram of gold, and also the percentage of minerals in a carat has increased much less, and an ounce that weighing about 31.1 grams is used as a special unit for the weight of jewelry and special alloys. Gold is an important mineral in the markets.
- The price of a gram of the popular 21 gauge reached 815 pounds.
- The price of a 24-gauge gram, which is very high, was recorded at about 933 pounds.
- The price of an 18-carat gram was around 697 pounds.
- The price of a gram of the minimum class of 14 carats reached 541 pounds.
- The price of a pound of gold is about 6495 pounds, and an ounce of gold is about 29.3 thousand pounds, and a kilogram of gold is about 940.6 thousand pounds in the Egyptian market.
