Gold prices increased today Wednesday following the decision of the Central Bank of Egypt to allow market forces to determine the value of the Egyptian pound (EGP), while simultaneously raising interest rates by 6 percent, to overcome high inflation.
Saeed Embabi, CEO of the “iSagha” platform said that gold prices rose by about 220 pounds during today’s trading, so that the price of a gram of 21 carat gold recorded 3,200 pounds.
Embabi added that a gram of 24 karat gold recorded 3,657 pounds, a gram of 18 karat gold recorded 2,743 pounds, while a gram of 14 karat gold recorded about 2,134 pounds, and a gold pound recorded about 25,600 pounds, while an ounce rose by about 7 dollars, to record 2,134 dollars. .
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