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بوابة أخبار اليوم
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Gold pound hits 2800 pounds in a week
The price of the gold pound in the Egyptian market experienced a significant increase during the week, rising by nearly 2,800 Egyptian pounds, ending the week at around 52,800 pounds excluding workmanship, compared to 50,000 pounds at the beginning of the week. This rise was driven by an increase of approximately 350 pounds per gram of 21-karat gold, as a result of the gold ounce’s price in the global exchange rising, recording gains of over 225 dollars by the end of trading. The gold pound is made of 21-karat gold and weighs 8 grams; its price ranges between 400 and 600 pounds for workmanship, which is lower than other gold jewelry, making it a popular choice for investors due to its lower cost and liquidity. There are two types of gold pounds available in the Egyptian market: the local one, which weighs 8 grams of 21-karat gold, and the old British one, which dates back to older years and different carats.
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