Gold prices in Egypt on Wednesday:
24-karat gold: EGP 5,360/gram
21-karat gold: EGP 4,690/gram
18-karat gold: EGP 4,020/gram
14-karat gold: EGP 3,127/gram
Gold pound: EGP 37,520
These prices are without manufacturing and may vary from one dealer to another depending on the manufacturing value, tax, and stamp duty.
Gold is viewed as a key hedge against economic fluctuations and inflation, and price volatility is expected to continue as markets await any developments related to global monetary policy or geopolitical developments in the Middle East.