Friday 29 Nov
Gold prices in Egypt experienced a significant surge at the close of trading on Wednesday evening. All gold karats saw an increase of EGP 15 per gram, according to the latest update from the Gold Division.
Gold prices in Egypt on Wednesday
21 Karat gold: The most widely
traded karat in the Egyptian market rose by EGP 15 to reach EGP 3,680 per gram.
18 Karat gold: The least
expensive karat recorded a price of EGP 3,154 per gram, continuing its upward
trend during evening trading.
24 Karat gold: The highest karat
reached EGP 4,205 per gram.
Gold pound: The price of the gold
pound surged to EGP 29,440, influenced by the increase in karat prices.
Global gold price in USD:
The global gold price in US
dollars recorded a new increase, reaching $2,639 per ounce. This reflects the
direct impact of global factors on the local market.
Factors affecting gold prices:
The increase in local gold prices
is linked to several factors, most notably:
The rise in the US dollar price
and its impact on the Egyptian market.
Increased demand for gold as a
safe haven amidst global market fluctuations.
The global increase in gold prices due to economic and political tensions.
