On November 10, 2023, the recorded price of gold at jewellers was 2295 Egyptian pounds per gramme.
The current volatility of gold prices at jewellery retailers on Wednesday, November 10, 2023, may be attributed to the impact of political developments in the Gaza region.
The examination of the prevailing gold prices in Egypt, with the exclusion of handicraft costs, has significant relevance for those with a vested interest in gold investment and trade.
In this study, we will examine the mean values of gold prices denominated in Egyptian pounds as seen in both jewellers’ shops and financial markets.
Current Gold Prices at Jewellers:
The current market value of 24 carat gold is 2,577 EGP for selling and 2,620 EGP for buying.
- The current selling price for 22 carat gold is 2,362 EGP, while the buying price is 2,393 EGP.
- The selling price of 21 carats is recorded as 2,255 EGP, whereas the buying price is documented as 2,295 EGP.
- The selling price of 18 carat gold is 1,950 EGP, while the buying price is 1,933 EGP.
- The selling price of 14 carats is recorded as 1,503 EGP, while the buying price is noted as 1,517 EGP.
- The selling price of 12 carats is 1,300 EGP, while the buying price is 1,289 EGP.
The provided prices include a range of circulating gold carats within the context of Egypt, so serving to highlight the disparities between the purchasing and selling rates.
Additionally, shown above are the mean values of gold prices denominated in Egyptian pounds throughout the financial markets.
- The price of 24 carats gold is 1,848 Egyptian pounds (EGP) or $59.81 USD.
- The price of 22 carats is 1,694 Egyptian pounds (EGP) or $54.83 United States dollars (USD).
- The price of 21 carats of gold is 1,617 Egyptian pounds (EGP) or $52.34 USD.
- The price of 18 carats is 1,386 Egyptian pounds (EGP) or $44.86 USD.
- The price of 14 carats is 1,078 Egyptian pounds (EGP) or $34.89 USD.
- The price of 12 carats is 923.86 Egyptian pounds (EGP) or $29.91 United States dollars (USD).
- The price of a 9-carat diamond is 692.90 Egyptian pounds or $22.43 US dollars.
It is important to acknowledge that the prices of gold are subject to frequent fluctuations due to various market dynamics, including variables such as supply and demand. Hence, it is recommended to always be informed about the latest developments if one intends to engage in investment or buying activities.