Gold Prices in Egypt on Wednesday:
24-karat gold: EGP 5,280\gram
21-karat gold (most popular): EGP 4,620\ gram
18-karat gold: EGP 3,960\gram
Gold pound: EGP 36,960
These prices do not include making charges or stamp duty and
may vary between gold retailers depending on location and type of jewelry.
Gold Prices Influenced by Multiple Factors
Gold prices in Egypt fluctuate throughout the day due to
various factors, most notably movements in global gold markets, the exchange
rate of the US dollar against the Egyptian pound, and supply and demand
conditions in the local market.
Globally, the price of gold has stabilized near $3,340 per
ounce after consecutive gains in recent sessions, driven by a weaker US dollar
and increased demand for safe-haven assets.