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English: This chart shows the nominal price of gold along with the price in 1971 and 2011 dollars (adjusted based on the consumer price index). The historical gold price was obtained from www.igolder.com; CPI was obtained from www.rateinflation.com. The data is in section Chart Data.
Most gold mines in Egypt today were exploited for high-grade gold (15 g/t gold or greater) by the ancient Egyptians; [8] however, there has been limited exploration that applies modern day techniques where deposits can be viable based on gold grades as low as 0.5 g/t (provided there is sufficient tonnage and readily available infrastructure).
The company operates the Sukari Gold Mine in the Eastern Desert of Egypt, [4] some 700 km from Cairo and 25 km from the Red Sea. First gold was poured at Sukari in June 2009 and commercial production began on 1 April 2010, making Sukari the first modern gold mine in Egypt, a country which in ancient times was a prolific producer of the precious metal.
Gold prices (US$ per troy ounce), in nominal US$ and inflation adjusted US$ from 1914 onward. Price of gold 1915–2022 Gold price history in 1960–2014 Gold price per gram between Jan 1971 and Jan 2012. The graph shows nominal price in US dollars, the price in 1971 and 2011 US dollars.
The standard gold bar held and traded internationally by central banks and bullion dealers is the Good Delivery bar with a 400 ozt (12.4 kg; 27.4 lb) nominal weight. However, its precise gold content is permitted to vary between 350 ozt (10.9 kg; 24.0 lb) and 430 ozt (13.4 kg; 29.5 lb). The minimum purity required is 99.5% gold.
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The Sukari mine is Egypt's first modern gold mine. Egypt was known in the ancient world as being a source of gold, and one of the earliest available maps shows a gold mine at this location. [1] Today. Sukari is a combination of an open-pit mine mine and an underground mine. [2] The site is supplied by a 30km-long pipeline bringing water from ...
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