Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Gold Prices Jump, 21-Karat Records EGP 783


Fri 22 Oct 2021 | 02:20 PM
walid Farouk

Gold prices jumped in local markets today, Friday, due to the gold ounces prices' rise in global exchange, estimated at $ 1794.

The main reason for the yellow metal price increase is the continued rise in inflation rates which supported the demand for gold. However, the increase of US treasury bonds' interests restricted these gains.

Andrea Tadros, a member of the board of directors of the General Division of Gold and Jewelries, said that gold prices increased by EGP 3 in local markets today.

He added that 21-karat recorded EGP 783, 24-karat was estimated at EGP 895, and 18-karat reached EGP 671. Regarding the gold pound, it hit EGP 6264.

Contributed by Rana Atef