The global spot price of gold reached approximately $3,310 per ounce (equivalent to 31.1 grams of 24-karat gold), as investors around the world await the resumption of trading tomorrow, Monday.
Gold prices in Egypt Sunday:
·
24-karat gold: EGP 5,325/ gram
· 21-karat gold: EGP 4,660 / gram
· 18-karat gold: EGP 3,994 / gram
· 14-karat gold: EGP 3,106 / gram
· Gold pound (21-karat - weighing 8 grams): EGP 37,280
Today's gold bullion prices in Egypt:
· 10-gram bullion: EGP 53,250
· 50-gram bullion: EGP 266,250
·
Ounce of gold (31.1 grams,
24-karat): EGP 165,607
Price-determining factors
Gold prices in Egypt are subject to several local and global factors, most notably:
· Global gold price on the metals exchange.
· Exchange rate of the dollar against the Egyptian pound.
· Supply and demand rates in the local market.
· Manufacturing costs The profit margin varies from one store to another.