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Gold prices at jewelry shops hit 50,640 per pound
Gold prices in Egypt rose today as demand continued for it as an investment tool amid increasing global geopolitical tensions. The price of 24-karat gold reached approximately 7,190 Egyptian pounds for buying and 7,235 pounds for selling. The gold pound weighed approximately 50,320 pounds for buying and 50,640 pounds for selling. Gold bullion also saw a price increase, with the one-ounce bar priced at around 225,030 pounds, and the one-kilo bar at approximately 7,235,000 pounds. Investors favored bullion due to lower manufacturing costs compared to gold jewelry.
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