Gold prices in Egypt fell today, Sunday, with the beginning of trading, causing the price of a gram to decrease by about 20 pounds compared to its level yesterday evening. The decline in gold prices was observed across different karat levels.
The price of 14 karat gold fell to 1487 pounds per gram, while 18 karat gold recorded about 1911 pounds per gram. The price of 21 carat gold reached 2230 pounds per gram, and the price of 24 karat gold fell to 2549 pounds per gram.
Additionally, the price of the gold pound decreased to about 17,840 pounds. It is important to note that the price may vary from one trader to another, and this price represents the value of gold in the pound.
On a global scale, today is a weekly holiday in global markets, including commodity and metal stock exchanges. The global price of gold, according to Bloomberg agency data, recorded about $1921 per ounce at the end of last Friday’s trading. This is an increase of $7.1, or 0.38%, compared to the end of last Thursday’s trading session. It is worth mentioning that an ounce is equivalent to about 31.1 grams of 24 karat gold.
For those interested in tracking gold prices, Masrawy offers a service that provides real-time updates on gold prices throughout the day.
Overall, the decrease in gold prices in Egypt reflects the current market conditions and can potentially impact various sectors and industries that rely on gold as a commodity.
How did the significant drop in gold prices in Egypt impact sectors and industries that heavily rely on gold as a commodity?
Gold prices in Egypt experienced a significant drop today, impacting various sectors and industries that heavily rely on gold as a commodity. This decrease coincided with the start of trading on Sunday, and resulted in a drop of around 20 pounds per gram compared to the previous evening.
This decline affected gold prices across different karat levels. 14 karat gold saw a decrease to 1487 pounds per gram, while 18 karat gold dropped to approximately 1911 pounds per gram. The price of 21 karat gold reached 2230 pounds per gram, and 24 karat gold recorded a fall to 2549 pounds per gram.
Furthermore, the gold pound depreciated to about 17,840 pounds, with it being important to note that this price may vary among different traders. This figure represents the value of gold in the pound currency.
On a global scale, today is a weekly holiday in global markets, including commodity and metal stock exchanges. The Bloomberg agency reported that the global price of gold stood at $1921 per ounce at the end of Friday’s trading session, showing an increase of $7.1, or 0.38%, compared to Thursday’s closing session. It is worth mentioning that one ounce is equivalent to roughly 31.1 grams of 24 karat gold.
If you are interested in keeping track of gold prices, Masrawy offers a real-time service that provides updates throughout the day.
In conclusion, the decrease in gold prices in Egypt is a reflection of current market conditions. This development has the potential to impact various sectors and industries that heavily rely on gold as a commodity.
