Today, Tuesday, August 22, 2023, gold prices in the Arab Republic of Egypt witnessed a new rise in the prices of the yellow metal, which amounted to about 40 pounds per gram, in conjunction with the rise in the price of an ounce of gold in the global market, and there is a state of anticipation at the present time from people interested in gold prices from sellers. And buyers to gain access to the latest developments in gold prices during the current hours.
Also read.. the price of gold today in goldsmiths’ shops.. a sudden drop
The price of a gram of 21 karat gold today, Tuesday, August 22, 2023, recorded about 2270 pounds per gram, as the price of a gram increased by 5 pounds compared to the opening price of today’s session, while the price of a gold pound today reached 18160 pounds.
Rising prices
Yesterday, Monday, August 21, the price of a gram of gold recorded a new high of 10 pounds, as yesterday’s transactions were closed at the level of 2260 pounds per gram.
Gold prices today, Tuesday, August 22, 2023
- The price of 24 karat was about 2594 pounds.
- The price of 21 karat gold today was 2270 pounds.
- While the price of 18 carat reached 1946 pounds.
- The price of 14 karat was about 1,500 pounds.
- The 12-carat recorded about 1285.75 pounds.
- While the price of 9 karat was about 964.25 pounds.
- The global ounce price reached the level of 1890 dollars for sale, compared to 1889 dollars for buying.
- The price of the gold pound reached 18,160 pounds.
Gold prices today in goldsmiths’ shops
And the price of gold stabilized today, Tuesday, August 22, 2023, in goldsmith shops operating in the local market without the price of workmanship, as the price of 21 karat gold, which is the most prevalent in Egypt, reached 2250 pounds, and the prices of gold workmanship vary from one goldsmith shop to another, and the average price of workmanship and stamping varies in shops. Goldsmiths range between 30 and 65 pounds, depending on the type of caliber, from one governorate to another and from one merchant to another, and most often represent between 7% and 10% of the price of a gram of gold.
raise the interest rate
And the Monetary Policy Committee of the Central Bank of Egypt decided, in its meeting, which was held on Thursday, August 3, 2023, to raise the rates of the overnight deposit and lending return and the price of the main operation of the Central Bank by 100 basis points, to reach 19.25%, 20.25% and 19.75%. The credit and discount rate was raised by 100 basis points to 19.75%.