This surge occurred amid a significant global price increase, with the price of a gram of 21-karat gold — the most popular in Egypt — exceeding 4,690 Egyptian pounds. This jump raises numerous questions about its impact on investors and individuals seeking a safe haven in the precious metal.
Gold prices Saturday:
Local gold prices continue to reach record levels,
particularly after the inclusion of manufacturing fees, tax, and stamp duty,
which inflate the total purchase cost. Today's announced prices were as
follows:
24-karat: 5,360 EGP/gram.
21-karat: 4,690 EGP/gram.
18-karat: 4,020 EGP/gram.
Gold Pound: Over 38,000 EGP.