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Editor in Chief Mohamed Wadie

Gold Prices Increase, 21-Karat at EGP 3225


Thu 11 Jul 2024 | 03:30 PM
Gold - File photo
Gold - File photo
Nada Mustafa- Walid Farouk

Gold prices saw a slight increase in local markets during Thursday's trading, with the ounce rising on the global exchange, nearing its all-time highs recorded last May. 

This comes amid growing bets that central banks will begin cycles of interest rate cuts.

Saeed Imbaby, executive director of the “iSagha” platform for gold and jewelry online trading, said that gold prices witnessed an increase by EGP 5 in the local markets during today’s trading, as a gram of 21 karat gold recorded EGP 3225, while an ounce rose to $2382.

He added that a gram of 24-karat gold recorded EGP 3686, a gram of 18-karat gold recorded about EGP 2764, a gram of 14-karat gold recorded about EGP 2150 and a pound of gold recorded about EGP 25800.