Gold prices jumped last week by 11.3% in domestic markets, while the international price increased by 6.5% amid global bank fears.
This also came after releasing news about expected high interest by the US Fed which was one of the most important reasons for the collapse of the “Silicon Valley” bank.
Saed Imbaby, a member of the Gold Division and "i Sagha'', said that the 21-carat gold increased in domestic markets by EGP25, reaching EGP2120 Saturday.
While the international price increased slightly to $1990 per ounce, he noted.
He added that the price of 24K gold reached EGP2372, while 14K gold increased to EGP14525 per gram.
The price of 18 K gold inched UP to EGP1779, while the gold pound sold at EGP16600 per gram.
Contributed by Ahmed Emam