Gold Prices in Egypt Surge on Monday

On Monday, gold prices in Egypt increased significantly, with 24-karat gold at EGP 4,811.5 for buying. Other grades also saw uplifts: 22-karat at EGP 4,410.5, 21-karat at EGP 4,210, and 18-karat at EGP 3,608.5. The gold pound stood at EGP 33,680, and the gold ounce priced at $3,000.69.

On Monday, gold prices in Egypt experienced an overall increase. The price of 24-karat gold reached EGP 4,811.5 per gram for buying and EGP 4,840 for selling, as reported by iSagha. Furthermore, the 22-karat variant rose to EGP 4,410.5 for purchase and EGP 4,436.75 for sale.

The 21-karat gold also saw a rise, priced at EGP 4,210 for buying and EGP 4,235 for selling. The 18-karat gold was recorded at EGP 3,608.5 for purchasing and EGP 3,630 for selling. Additionally, the gold pound’s value was stated at EGP 33,680 for buying and EGP 33,880 for selling.

In the global market, the price of gold per ounce stood at $3,000.69 for purchasing and $3,000.98 for selling. These figures indicate a robust trend in gold pricing amid current market conditions. Overall, the increases reflect ongoing demand in the gold market.

In summary, the recent rise in gold prices in Egypt indicates a strong demand for precious metals. The collective increases across various karat grades highlight the market’s resilience, with notable figures reported for both local and international prices. Such trends will be pivotal for investors and consumers alike in their decision-making processes.

Original Source: www.zawya.com