Price of Gold, 21 Karat Reaches EGP 804

walid Farouk

Gold prices rose in the local markets during trading on Monday as the price of an ounce on the global stock exchange rose to $ 1840 .

Investors awaited the meeting of the US Federal Council to determine the monetary policy to raise interest rates, while concerns about inflation in the United States of America (USA) and the dispute between Russia and Ukraine led to the survival of the attractiveness of gold as a safe haven.

Eid Youssef, head of the Gold and Jewelry Division in the Menoufia Chamber of Commerce, said that gold prices rose in the local markets by 3 pounds during today's trading, to record 21 karat at the level of 804 pounds.

He added, that 24 karat recorded EGP 919, 18 karat recorded EGP 680, and the gold pound recorded EGP 6,432.

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