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The price of gold in Egypt continued to rise for the third day in a row, as the gram rose by around two pounds compared to yesterday’s prices, so the price of a gram rose by around 13 pounds in 3 days.
The price of gold today is Thursday 10/1/2020
Naguib Nadi Al-Amin, secretary general of the Cairo Chamber of Commerce’s Gold Division, said the price of a gram of 21-karat gold rose to 827 pounds during the day, compared to 825 pounds. from yesterday.
The price of a gram of gold
- 18 carats is approximately 709 pounds.
- The price of a 24-karat gram is about £ 945.
- And the price of a pound of gold is 6616 pounds.
It should be noted that globally, gold prices fell 0.64%, and the price of an ounce decreased around $ 12.04 compared to yesterday’s close, to register $ 1897 at 12:20 pm ET. Cairo, according to data from Bloomberg. Gold prices rose in the local market during yesterday’s session. To increase the gram by about a pound, just as it increased by about 10 pounds from the day before yesterday.
The value of the pound for gold was 6,608 pounds and an ounce of $ 1,886 was registered in world markets.
The price of a gram of gold in the governorates of Egypt witnesses a slight variation that can fluctuate between 50 piastres and a pound, and the average price of labor and stamping in the goldsmith workshops fluctuates between 30 and 65 pounds depending on the carat type of gold, as well as the different drawing workshops from one region to another and from one merchant to another. In general, it ranges between 7 and 10% of the price of a gram of gold, and the higher the percentage of metals present, the less carat and the ounce that weighs “31.1 grams” is used as a unit to weigh jewelry and gold bullion.
