1 Day
Source:
بوابة أخبار اليوم
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Gold prices on August 16th
Gold prices stabilized today, Sunday, August 16, as the global gold exchange remained halted due to the weekend holiday, following the week’s close with an increase of over $30. The international ounce of gold closed the week at $4,376, up from $4,342 at the opening, amid market anticipation of geopolitical developments and the upcoming Federal Reserve meeting to determine the interest rate path. Locally, the price of the most popular 21-karat gold per gram ranged between 6,245 and 6,255 Egyptian pounds, excluding manufacturing costs, with a buying and selling difference of around 50 pounds. The price of 24-karat gold per gram varied between 7,142 pounds, 18-karat between 5,357 pounds, and 14-karat between 4,166 pounds, while the gold pound was priced at 50,000 pounds. Manufacturing fees are estimated to be between 3% and 7% of the gram's price, varying according to the karat and the shop.
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