Gold prices exacerbate losses, and 21 carat drops to 2375 pounds

Gold prices exacerbate losses, and 21 carat drops to 2375 pounds
Gold prices exacerbate losses, and 21 carat drops to 2375 pounds


Gold prices in the local markets witnessed a decline today, Saturday, May 13, 2023, to record 21 karat, about 2375 pounds per gram.

The Council of Ministers approved a draft decision regarding the exemption of gold imports in semi-manufactured forms, as well as those intended for monetary circulation, jewelry, jewelry and their parts of precious metals, even if they are clad or clad with a crust of precious metals.
And those that come with those coming from abroad, from the customs tax and other fees, except for the value-added tax, for a period of six months.

The price of gold today is 21 karat

The price of 21 karat gold declined to about 2375 pounds per gram during the beginning of today’s trading, as it is the best selling karat in the local market.

Today’s gold price is 24 karat

While the price of 24 karat gold recorded stable, recording about 2777.25 pounds per gram, and it is considered the highest price in Egypt and the most expensive.

18 karat gold price

In the same context, the price of 18 karat gold today reached about 2082.75 pounds per gram.

14 karat gold price

While the price of 14 karat gold today reached about 1620 pounds per gram.


price gold pound today

While the price of the gold pound reached about 19,440 pounds, as it weighs 8 grams of 21 carat.

Gold prices in Egypt vary according to the price of workmanship, which varies from one store to another, and the average price of workmanship and stamping in goldsmiths’ shops ranges between 100 and 130 pounds.

This depends on the type of gold karat, as well as on different goldsmiths’ shops, from one province to another, and from one merchant to another.

It mostly represents a rate ranging between 7% and 10% of the price of a gram of gold, and the higher the percentage of minerals present, the lower the karat. The ounce, which weighs “31.1 grams”, is used as a unit for the weight of jewelry and alloys.

World gold prices

Gold prices fell at the settlement of trading on Friday, following the rise of the dollar to its highest level in a month and with the evaluation of economic data.

And futures contracts for the yellow metal for June delivery fell slightly by 0.03%, or seventy cents, to reach $ 2019.8 an ounce, after reaching $ 2005.70 during the session, recording a weekly loss of 0.2%, after two weeks of gains.

While the dollar index, which measures the performance of the US currency against a basket of six major currencies, rose 0.6% at 102.67 points at 07:50 pm Cairo local time.



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