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Gold prices increase July 22
Gold prices in the local market have risen significantly due to the increase in global gold prices and the dollar's rise against the Egyptian pound. The price of 24-karat gold per gram has reached approximately 6,800 to 6,823 pounds, while 22-karat has ranged from 6,233 to 6,254 pounds. The 21-karat gold price is close to 6,000 pounds, and 18-karat gold has been valued at around 5,100 to 5,117 pounds. Additionally, the price of a gold pound has increased to about 47,600 to 47,760 pounds. The price of an ounce of gold has also risen to approximately $4,124, driven by increased demand for the metal as a safe haven amid geopolitical tensions and in anticipation of central banks' interest rate decisions.
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