The price of gold jumped today in Egypt during the day of Saturday, March 26, 2022, affected by the global increase in the yellow metal due to the uncertainty of inflation.
Gold prices in Egypt vary across different regions and gauges, where the value of labor (the merchant’s salary for each gram of gold work) ranges from £30 to £60 in goldsmiths’ areas, while raises for some dealers to range between 120 and 150 pounds.
Gold Price Today in Egypt
The price of a gram of 24-carat gold today in Egypt rose to around 1,165 pounds, compared with 1,156 pounds at the close of trading yesterday, marking an increase of 10 pounds.
And the price of the gram of 18 carat gold increased today in Egypt to register some 874.04 pounds, compared to 867.23 pounds at the end of the day on Friday, registering an increase of 6.81 pounds.
As for cheap gold prices today in Egypt, the price of a gram of 14K gold was recorded at 679.80 pounds, and the price of a gram of 12K gold was recorded at 582.69 pounds, and the price of a gram of 9-carat gold recorded about 437.02 pounds.
21-carat gold price today in Egypt
The price of a gram of 21 carat gold today in Egypt jumped during Saturday morning trading to the level of 1020 pounds, compared to 1012 pounds at the end of trading yesterday Friday, achieving an increase of 8 pounds.
The price of an ounce today in Egypt was about 36,243 pounds (1959 dollars), and the price of a pound of gold today in Egypt (8 grams of 21 carats) registered about 8,158 pounds (441.03 dollars).
Gold prices today worldwide
It fell in electronic trading after posting weekly gains yesterday for the third time in four weeks, as a lack of tangible progress in Russia-Ukraine peace talks sent the price of the precious metal, considered a safe haven, soaring. Despite the rise in US bond yields due to fears of tightening policy, cash hurt bullion’s appeal.
The price of gold fell today Saturday to the level of 1954.20 dollars per ounce, to lose 0.41% of its value from yesterday’s closing price of 1958.41 dollars per ounce.
Gold continues to hover near its highest level in over a week, which it reached in the previous session, up around 2% so far this week. US gold futures fell 0.2% to $1,958.70.