A big drop in gold costs mid-Wednesday… 21 carat fell 60 kilos

Gold costs have lately proven huge swings that they’ve by no means witnessed earlier than, as gold costs fell amid buying and selling right this moment, Wednesday January 3, 2024, coinciding with the drop within the value of an oz. of gold on a worldwide scale, whereas the worth of a gram of 21-carat gold fell by 60 kilos, now reaching round 3,175 Egyptian kilos as a substitute of three,235 Egyptian kilos . 21 carat gold is probably the most bought gold in Egypt, and on this article we are going to offer you the newest gold information. value on the Egyptian market right this moment.

Gold Value in Egypt At the moment

Gold costs right this moment at Egyptian goldsmiths confirmed a major decline, and gold costs right this moment, Wednesday, had been as follows:

  • 18k gold value

The value of 18 carat gold right this moment is round 2,721 kilos.

21-karat gold recorded a major decline, with its value reaching round 3,175 Egyptian kilos.

  • 24 carat gold

The value of 24-carat gold in Egyptian markets right this moment reaches round 3,629 kilos.

Gold Price in Egypt Today
gold
  • The value of the pound of gold

As for the worth of the pound of gold, it recorded round 25,400 kilos.

  • Gold value per ounce

The worldwide value of an oz. of gold has reached round 2,055 US {dollars}.

How is the worth of gold calculated based mostly on manufacturing duties and stamp duties in Egypt?

The value of gold by manufacturing and stamping in Egypt varies from one goldsmith to a different, as the worth of producing and stamping varies between 30 and 65 kilos, relying on the distinction in the kind of gold carat , the distinction between goldsmiths and from one governorate to a different, and from one service provider to a different.

An archive picture of gold, supply: Al-Masry Al-Youm web site

As for the tactic of calculating the worth of gold by manufacturing and stamping, it’s as follows:

  • Calculate the worth of 1 gram of gold with out manufacturing or stamping.
  • Add the craft and stamp worth to the worth of 1 gram of gold.