Gold prices today, Wednesday March 17, 2021



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Gold prices in Egypt today, Wednesday March 17, 2021, are witnessing stability at the beginning of trading after the rise in the price of gold at the end of Tuesday’s transactions, at 4 pounds per gram, according to different calibers.

The price of a gram of 21-karat gold, the most widespread in Egypt, reached 764 pounds, after Tuesday morning it was only 760 pounds a gram.

The price of a 24-karat gram reached about 873 pounds a gram, after registering 869 pounds yesterday, while the price of an 18-carat gram registered about 654 pounds, an increase of only 3 pounds a gram.

Gold prices vary in Egypt due to labor from one jeweler to another, where the average price for labor and stamping in goldsmith shops ranges from £ 30 to £ 65 depending on the karat type of gold, as well as the different goldsmith shops and from one province to another and from one merchant to another. Between 7% and 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 a unit for the weight of jewelry and gold bars.

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