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بوابة أخبار اليوم
Gold prices increase on August 18
Gold prices rose this Tuesday morning, August 18,, in the global market, with the ounce increasing by about $30 to reach $4,430. This uptick was driven by falling U.S. bond yields and profit-taking, amid anticipation of geopolitical developments and economic data. Locally, gold prices remained unchanged despite the global rise, with the price of a 21-karat gram ranging between 6,240 and 6,255 Egyptian pounds, and approximately a 50-pound difference between buying and selling prices. Meanwhile, the global market price of an ounce stood at around $4,396. The craftsmanship fee varies depending on the karat, ranging from 3% to 7% of the gram's price, with a tendency for higher craftsmanship fees on lower-karat gold, such as 18-karat.
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