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Gold prices stabilized at the beginning of the day today, Sunday 12-27-2020; After having risen yesterday Saturday by a slight average of a pound in the goldsmith workshops.
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The price of an 18-karat gram reached 701 pounds, up from 700 pounds yesterday, an increase of one pound.
The price of a gram of the lowest denomination of 14 carats and a value of about 545 pounds was recorded, compared to 544 pounds yesterday.
The price of a pound of gold was about 6,544 pounds, a kilo of gold, about 934.96 thousand pounds, and an ounce of gold scored about 29.1 thousand pounds.
According to statements by gold experts, gold prices in Egypt vary according to labor, as the value of labor varies from one goldsmith to another, and the average price of labor and stamp in the Goldsmith shops ranges from 30 to 65 pounds depending on the type of gold gauge, as well as the different goldsmith shops and from one governorate to another and from one province to another. Trader to another.
Labor also represents a percentage of the total price of gold that ranges between 7% and approximately 10% of the price of a gram of gold. The higher the percentage of minerals present, the lower the carat. An ounce weighing 31.1 grams is used as the unit for the weight of jewelery and gold bars.
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