A return to decline.. the latest developments in the gold price today, Monday, May 15, 2023
Gold prices in Egypt continue to fluctuate sharply, as today, Monday, May 15, 2023, the gold price continued to collapse, as it lost about 75 pounds as an average of all calibres, from the beginning of trading until the beginning of evening trading in the local markets in Egypt. This sharp decline in gold prices indicates significant fluctuations in the markets, and this is due to many factors affecting gold prices, such as supply and demand, inflation, and monetary and financial policies of countries.
On Sunday, May 14, 2023, the price of the gold pound decreased by about 600 pounds, as it reached about 19,000 pounds for a gold pound, net weight of 8 grams. This price does not include workmanship, tax, and stamps, and the price varies from one merchant to another. While the price of buying a gold pound from the consumer has reached about 18,600 pounds at the present time, and this explains the sharp declines in gold prices in Egypt during the recent period.
The price of a gram of gold lost about 20 pounds of its value at the beginning of evening trading, and the price of a gram of 21 carat, the most common in Upper and Lower Egypt, is about 2330 pounds per gram, compared to its price in the morning of 2350 pounds, without counting the workmanship, which varies from one caliber to another.
24 karat gold price
The price of 24 karat gold, recorded 2714.25 for sale, 2657.25 for purchase.
22 karat gold price
The price of 22 karat gold at the beginning of today’s trading, 2488 for sale, 2435.75 for purchase.
21 karat gold price
– The price of 21 karat gold declined at the beginning of its trading today, at 2375 for sale, 2325 for buying.
18 karat gold price
The record price of 18 karat gold in goldsmiths’ shops is 2035.75 for sale, 1992.75 for purchase.
Gold price today for 14 karat
– The price of 14 karat gold decreased at the beginning of today’s trading, 1583.25 for sale, 1550 for buying.
Gold price today for 12 karat
The price of 12 karat gold reached 1357.25 for sale at the beginning of today’s trading in the Egyptian goldsmiths market, and 1328.5 for buying. The price of the gold pound
The price of the gold pound recorded at the end of its dealings today in the Egyptian goldsmiths market, 19,000 for sale, and 18,600 for purchase, and its weight is 8 grams of 21 carat, the best-selling in Egypt.