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Gold jewelry prices rise 21-karat by 300 pounds
During July, gold prices in Egypt experienced a significant increase due to rising global prices and heightened local demand. All denominations saw notable increases compared to the beginning of the month, with a rise of 343.14 Egyptian pounds for 24-karat gold, reaching 6,777.14 EGP per gram; 300 pounds for 21-karat gold, reaching 5,930 EGP; 256.86 pounds for 18-karat gold, reaching 5,082.86 EGP; and 200.33 pounds for 14-karat gold, reaching 3,953.33 EGP. Additionally, the gold pound gained 2,400 pounds, reaching 47,440 EGP. These increases were driven by improving global prices and growing local demand for the precious metal.
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