Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Gold Prices Increase, 21-Karat Records EGP 786


Mon 25 Oct 2021 | 08:09 PM
walid Farouk

Gold prices increased in the local markets during Monday's trading, as the gold ounce recorded $1807.

Osama El Galla, the general secretary of the Gold Division at the Chamber of Commerce in Cairo, said the increase of gold prices is due to high inflation rates and the falling of dollar.

Moreover, El Galla noted that 24-karat reached EGP 898, while 21-karat was estimated at EGP 786, and 18-karat was sold at EGP 674. Regarding gold pound prices, it reached EGP 6288.

Contributed by Omnia Ahmed