13 Hrs
Source:
السويس بلدي
Gold Price Update in Suez Shops
Gold prices in the Egyptian market rose today, Thursday, with the 21-karat gram reaching approximately 6,330 Egyptian pounds, excluding manufacturing costs, an increase of 20 pounds from the previous level. This rise occurred despite a global decline in the price of an ounce by more than $80. The main reason for the local price increase is that the dollar exceeded the 55-pound level, which limited the impact of the global losses on the local market, as the ounce fell to around $4,059 from $4,141 previously. Gold prices in Egypt are influenced by factors such as the global ounce price and the exchange rate of the dollar, while monitoring global developments and upcoming economic data.
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