Gold Prices Increase, 21-Karat at EGP 3215

Mon 08 Apr 2024 | 02:16 PM

Gold Prices Increase 8 EGP, 21-karat Reaches 768 EGP in Local Market

Nada Mustafa- Walid Farouk

Gold prices rose in local markets during trading on Monday, in line with the rise of the ounce on the global stock exchange.

This came due to the growing purchases of central banks and exchange-traded funds, in addition to the repercussions of geopolitical tensions in the Middle East region.

Saeed Imbaby, executive director of the “iSagha” platform for gold and jewelry online trading, said that gold prices witnessed an increase by EGP 15 in the local markets during today’s trading, as a gram of 21 karat gold recorded EGP 3215, while an ounce rose to $2341.

He added that a gram of 24-karat gold recorded EGP 3674, a gram of 18-karat gold recorded about EGP 2756, a gram of 14-karat gold recorded about EGP 2134 and a pound of gold recorded about EGP 25720.

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