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المصري اليوم
Gold prices Tuesday hit 6,135 pounds for 21-karat ring
Gold prices in the Egyptian market have risen, with the price of a 21-karat gram today approximately 6,135 Egyptian pounds for buying and 6,115 pounds for selling, making it the most traded karat in Egypt. The local gold price is mainly influenced by the movement of the global ounce and the exchange rate of the US dollar, along with monitoring levels of demand and supply. 21-karat gold is currently maintaining prices above 6,100 pounds per gram. The key factors affecting gold prices include inflation, the dollar rate, geopolitical developments, and demand for the metal as an investment safe haven. The market expects these factors to continue influencing prices, with a potential increase if the global ounce price continues to recover.
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