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Gold prices in Egypt fluctuate
Gold prices in Egypt today experienced an increase due to the rise in the price of an ounce in global markets, which reached $4,228. This led to higher prices for various gold purity levels in the local market. The price of 24-karat gold was about 6,777.14 EGP, while the more commonly traded 21-karat gold stood at 5,930 EGP. The 18-karat gold was approximately 5,082.86 EGP, and 14-karat gold was around 3,953.33 EGP. The price of the gold pound reached 47,440 EGP. Gold prices in Egypt rose by 5.3% during July, with the highest per-gram price reaching 6,010 EGP, and market fluctuations are expected to continue due to anticipation of US monetary policy decisions and dollar movements.
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