Mon 12/Dec/2022 – 03:05am
registered prices gold At the start of trading today, Monday 12-12-2022, a slight drop, after dropping around £50 yesterday to pound 1700, while the price is down today, logging 1650.
gold price today
24 karat gold price
The price of 24-karat gold, the most common in the Gulf countries, recorded a level of 1885 pounds.
21 carat gold price
The price of 21-karat gold, the most traded in Egypt and the cities of Upper Egypt, registered around 1650 pounds.
The price of an ounce of 18-karat gold
The price of 18-karat gold, the most common in the cities of Lower Egypt, has reached 1414 pounds per gram.
The price of the gold pound
The price of the gold pound, weighing 8 grams of 21 carats, reached the level of 13,200 pounds, without adding labour, stamp duty or taxes.
Division of the goldsmith industry in the Federation of Industries
Before; Ehab Wassef, head of the Gold Industry Division at the Federation of Industries, said citizens’ rush to purchase gold as bullion was not in the nature of Egyptians and that social media has played an influential role in the recent surge in gold demand.
The reasons for the scarcity of gold on the market
The head of the Gold and Precious Metals Division confirmed that there is an increase in local demand from citizens for the purchase of pounds of gold, which has led to a shortage of supply of the yellow metal to meet the demand, and therefore to a significant increase in its prices.
