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Gold prices in Egypt today, Thursday: Decline after US Central Bank Announcement

Gold price now.. Gold prices declined today, Thursday, November 2, 2023, a slight decline during the beginning of trading, and this decline comes in conjunction with the decline in the price of gold globally after the US Central Bank announced the stabilization of interest rates, as the most widespread price of 21 carat gold recorded about 2550 pounds for sale and 2530 pounds for purchase. The price of 24 karat gold, the highest category, reached about 2914.25 pounds for sale and 2891.5 pounds for purchase.

Gold prices in Egypt are witnessing a state of stability throughout transactions in the goldsmiths market, after the wave of crazy rise that occurred in the past months, but gold prices have declined in Egypt, due to the stability of the dollar price and the exemption of gold from customs taxes.

The price of gold now in Egypt

“The Week” presents to its visitors and followers everything related to the update gold price In Egypt, according to the comprehensive service it provides in all fields, by clicking here.

Gold priceSellPurchase Gold price 242914.25 pounds for sale2891.5 pounds to buy

21 karat gold price

The price of gold is 212,550 pounds for sale and 2,530 pounds for purchase

18 karat gold price

The price of 182 karat gold is 185.75 pounds for sale and 2168.5 pounds for purchase

14 karat gold price

The price of gold is 141,700 pounds for sale and 1,686.75 pounds for purchase

12 karat gold price

The price of gold is 121457.25 pounds for sale and 1445.75 pounds for purchase

9 karat gold price

The price of karat gold is 91,092.75 pounds for sale and 1,084.25 pounds for purchase

The price of the gold pound

The price of the gold pound is 20,400 pounds for sale and 20,240 pounds for purchase

Price of an ounce of gold

The price of an ounce of gold is 1978 dollars to sell and 1977 dollars to buy

The price of gold in Egypt today, Thursday

Price of a gram of 24 karat gold

A gram of 24 karat gold reached about 2,914 pounds.

Price of a gram of 22 carat gold

A gram of 22 carat gold reached about 2,671 pounds.

Price of a gram of 21 carat gold

A gram of 21 carat gold reached about 2,550 pounds.

Price of a gram of 18 karat gold

A gram of 18 karat gold reached about 2,285 pounds.

Price of a gram of 14 karat gold

A gram of 14 karat gold reached about 1,700 pounds.

The price of the gold pound

The gold pound recorded about 20,400 pounds.

Gold price today

Gold price by stamp and workmanship

Gold prices in Egypt vary according to workmanship, from one goldsmith shop to another, and the average price of workmanship and stamp duty in goldsmith shops ranges between 30 and 65 pounds depending on the type of gold karat, and according to goldsmith shops, and from one governorate to another, and from one merchant to another.

It usually represents a percentage ranging between 7% and 10% of the price of a gram of gold. The higher the percentage of metals present, the smaller the carat. An ounce, which weighs 31.1 grams, is used as a unit for weighing jewelry and gold bullion.

Today’s gold prices in Egypt are valuable economic information, especially for those about to get married, as well as investors, due to its connection to the global economy, at a time when the economy of many countries has deteriorated, and gold has become a safe haven for many, whether in Egypt or in the rest of the Arab countries.

The Central Bank decides the fate of the interest rate today

The Central Bank of Egypt will hold a Monetary Policy Committee meeting today, Thursday, November 2, 2023, to discuss interest rates.

The Monetary Policy Committee of the Central Bank of Egypt had decided, in its previous meeting, to fix the overnight deposit and lending rates and the Central Bank’s main operation rate at 19.25%, 20.25% and 19.75%, respectively.

2023-11-01 22:01:20
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