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Gold Price History in egypt (2023)
Table of Contents
- Gold Market Dynamics in Egypt and Sudan: An Expert Interview
May 2023
- Lowest gold price in Egypt in May 2023: EGP 60,030 per ounce
- Highest gold price in Egypt in May 2023: EGP 63,639 per ounce
- Average gold price in Egypt in May 2023: EGP 61,522 per ounce
June 1, 2023
- 24 Karat: EGP 61,076 per ounce
- 22 Karat: EGP 55,986 per ounce
- 18 Karat: EGP 45,807 per ounce
- 14 Karat: EGP 35,627 per ounce
- 10 Karat: EGP 25,448 per ounce
December 2023 (Bullion Rates)
- December 1, 2023: EGP 64,040 per ounce, EGP 2,058.93 per gram
- December 4, 2023: EGP 62,753 per ounce, EGP 2,017.54 per gram
- December 5, 2023: EGP 62,193 per ounce, EGP 1,999.55 per gram
Current Gold Price in egypt (as of the provided data)
- 24 Carat: EGP 4646 per gram, USD 2906 per ounce
- 22 Carat: EGP 4259 per gram
- 21 Carat: EGP 4065 per gram
- 18 Carat: EGP 3484 per gram
- 14 Carat: EGP 2710 per gram
- Gold Pound: EGP 32,181.5 per pound (dvajina)
- Ounce: USD 2906 per ounce
Price of 21 Carat Gold in the Egyptian Market
- price of a gram of 21 carat gold: Approximately EGP 4065 without manufacturer costs
- Price of half a gold pound (21 carat): EGP 16,150
Note: manufacturer costs can add about 15% to 20% to the price depending on the type, size, and goldsmiths. When buying gold “currencies” (bars), no tax or stamp is added to the purchase.
Gold Prices in Sudan: A Market Update
The gold market in Sudan has been a focal point of economic interest, with recent reports shedding light on the fluctuating prices and market dynamics. As of Monday, February 10, 2025, the price of gold has seen meaningful changes, reflecting global trends and local market conditions.
Current Gold Prices
According to the latest reports, a quarter of the gold reached 8,075 pounds. Meanwhile, the gold pound itself hit about 32,520 pounds. These figures provide a snapshot of the current market conditions, indicating a robust demand and supply equilibrium.
Market Dynamics
The goldsmith market has been abuzz with activity, particularly with the recent report that the price of 18-carat gold is the most used and selling on Saturday, February 8. This trend underscores the preference for higher-carat gold among consumers, driven by both aesthetic and investment considerations.
Price of 24-Carat Gold
The price of a gram of 24-carat gold today reached about 4645 pounds. This price is exclusive of the manufacturer’s fee, which adds an additional 60 pounds for a 5-gram alloy. Consequently, the total cost for a 5-gram 24-carat gold alloy comes to approximately 23,544 pounds.
Comparative Analysis
To better understand the market dynamics, let’s summarize the key points in the following table:
| Item | Price (in Pounds) |
|——————————-|——————-|
| Quarter of Gold | 8,075 |
| Gold Pound | 32,520 |
| 1 Gram of 24-Carat Gold | 4,645 |
| Manufacturer Fee for 5 Grams | 60 |
| Total for 5 Grams of 24-Carat | 23,544 |
Conclusion
The gold market in Sudan continues to be dynamic, with prices fluctuating based on global and local factors. Consumers and investors alike should stay informed about these trends to make informed decisions. For more insights into the current gold prices and market conditions, refer to the latest report on gold prices in Sudan.
Stay tuned for more updates on the gold market and othre economic news.
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Gold Market Dynamics in Egypt and Sudan: An Expert Interview
In this interview, the Senior Editor of world-today-news.com sits down with renowned economist and gold market specialist, Dr. Amina El-Sayed, too discuss the latest trends and insights into the gold market in Egypt and Sudan. With a focus on price fluctuations, market dynamics, and consumer preferences, this conversation provides valuable insights for both investors and enthusiasts.
Gold Price History in Egypt (2023)
May 2023
- Lowest gold price in Egypt in May 2023: EGP 60,030 per ounce
- Highest gold price in Egypt in May 2023: EGP 63,639 per ounce
- average gold price in Egypt in May 2023: EGP 61,522 per ounce
June 1, 2023
- 24 Karat: EGP 61,076 per ounce
- 22 Karat: EGP 55,986 per ounce
- 18 Karat: EGP 45,807 per ounce
- 14 Karat: EGP 35,627 per ounce
- 10 Karat: EGP 25,448 per ounce
December 2023 (Bullion Rates)
- December 1, 2023: EGP 64,040 per ounce, EGP 2,058.93 per gram
- December 4, 2023: EGP 62,753 per ounce, EGP 2,017.54 per gram
- December 5, 2023: EGP 62,193 per ounce, EGP 1,999.55 per gram
Current Gold Price in Egypt (as of the provided data)
- 24 Carat: EGP 4646 per gram, USD 2906 per ounce
- 22 Carat: EGP 4259 per gram
- 21 Carat: EGP 4065 per gram
- 18 Carat: EGP 3484 per gram
- 14 Carat: EGP 2710 per gram
- Gold Pound: EGP 32,181.5 per pound (dvajina)
- Ounce: USD 2906 per ounce
Price of 21 Carat Gold in the Egyptian Market
- Price of a gram of 21 carat gold: Approximately EGP 4065 without manufacturer costs
- Price of half a gold pound (21 carat): EGP 16,150
Gold Prices in Sudan: A Market Update
The gold market in Sudan has been a focal point of economic interest, with recent reports shedding light on the fluctuating prices and market dynamics.as of Monday, February 10, 2025, the price of gold has seen meaningful changes, reflecting global trends and local market conditions.
Current Gold Prices
According to the latest reports,a quarter of the gold reached 8,075 pounds. Meanwhile, the gold pound itself hit about 32,520 pounds.These figures provide a snapshot of the current market conditions,indicating a robust demand and supply equilibrium.
Market Dynamics
The goldsmith market has been abuzz with activity, particularly with the recent report that the price of 18-carat gold is the most used and selling on Saturday, February 8. This trend underscores the preference for higher-carat gold among consumers, driven by both aesthetic and investment considerations.
Price of 24-Carat Gold
The price of a gram of 24-carat gold today reached about 4645 pounds. This price is exclusive of the manufacturer’s fee, which adds an additional 60 pounds for a 5-gram alloy.Consequently, the total cost for a 5-gram 24-carat gold alloy comes to approximately 23,544 pounds.
Comparative Analysis
To better understand the market dynamics, let’s summarize the key points in the following table:
| Item | Price (in Pounds) |
|---|---|
| Quarter of Gold | 8,075 |
| Gold Pound | 32,520 |
| 1 Gram of 24-Carat Gold | 4,645 |
| Manufacturer Fee for 5 Grams | 60 |
| Total for 5 Grams of 24-Carat | 23,544 |
Conclusion
The gold market in Sudan continues to be dynamic, with prices fluctuating based on global and local factors. Consumers and investors alike should stay informed about these trends to make informed decisions. for more insights into the current gold prices and market conditions, refer to the
