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Egypt gold pound hits 50,560 EGP
The price of the gold pound in Egypt has increased today to 50,560 Egyptian pounds, a rise of 40 pounds compared to the previous price. This amount is equivalent to 8 grams of 21-karat gold. Local gold continues to hover around the 6,300-pound per gram level, with its price mainly influenced by fluctuations in global gold prices and the volatility of the US dollar against the Egyptian pound. This comes amid market attention to global economic developments and interest rate forecasts, as the stability of the dollar directly impacts the local price of the gold pound.
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