Gold prices in the local market today
24-karat gold:
Buying: EGP 5,371.5, Selling: EGP 5,400
22-karat gold:
Buying: EGP 4,923.75, Selling: EGP 4,950
21-karat gold:
Buying: EGP 4,700, Selling: EGP 4,725
18-karat gold:
Buying: EGP 4,028.5, Selling:
EGP 4,050
14-karat gold:
Buying: EGP 3,133.25,
Selling: EGP 3,150
12-karat gold:
Buying: EGP 2,685.75, Selling: EGP 2,700
9-karat gold:
Buying: EGP 2,014.25,
Selling: EGP 2,025
Gold pound:
Buying: EGP 37,600, Selling: EGP 37,800
Gold price movement
Precious metals market experts link the recent fluctuations
in gold to several key factors, most notably:
1. Global movements: International ounce prices directly affect
the local market.
2. Dollar exchange rate: The rise or fall of the US dollar
against the pound impacts the value of gold.
3. Local supply and demand: Buying and selling activity
tends to increase during holidays and vacation seasons, influencing price
levels.