Egypt’s gold market experienced a period of stabilization on Saturday, the second day of Eid, following a sharp downturn at the end of the previous week. The pause comes as markets “catch their breath” after the price of 21-karat gold lost approximately 400 Egyptian pounds in value.
Gold prices declined at the close of trading on Thursday, driven by global downward pressure and investors taking profits. This tempered the strong price increases seen earlier in the year. Despite this correction, 21-karat gold still retains significant gains, with a profit margin of 1090 Egyptian pounds compared to its value in January, when it traded at 5880 Egyptian pounds.
Investors in gold have seen strong returns since the beginning of January. An investment of 200,000 Egyptian pounds in 21-karat gold yielded a net profit of approximately 37,050 Egyptian pounds in under three months. This profit is a result of the price increase from 5880 Egyptian pounds at the start of the year to the current 6970 Egyptian pounds, bringing the total value of the investment to around 237,050 Egyptian pounds – a growth rate of 18.5%.
سعر جرام الذهب عيار 18
The price of 18-karat gold was recorded at 5974 Egyptian pounds.
سعر الجنيه الذهب
The price of a gold pound reached 55,760 Egyptian pounds, excluding manufacturing costs.
سعر جرام الذهب عيار 21
The price of 21-karat gold was 6970 Egyptian pounds, with manufacturing costs ranging from 100 to 150 Egyptian pounds.
سعر جرام الذهب عيار 24
The price of 24-karat gold reached 7965 Egyptian pounds per gram.
- 100 gram ingot: 834,929 Egyptian pounds.
- 50 gram ingot: 417,564.50 Egyptian pounds.
- Ounce ingot (31.1 grams): 259,790.42 Egyptian pounds.
- 10 gram ingot: 83,562.90 Egyptian pounds.
- 5 gram ingot: 41,796.45 Egyptian pounds.
- 2.5 gram ingot: 20,960.72 Egyptian pounds.
