Gold prices in Egypt on Wednesday
21 Karat gold: The most widely
traded karat in the Egyptian market rose by EGP 15 to reach EGP 3,680 per gram.
18 Karat gold: The least
expensive karat recorded a price of EGP 3,154 per gram, continuing its upward
trend during evening trading.
24 Karat gold: The highest karat
reached EGP 4,205 per gram.
Gold pound: The price of the gold
pound surged to EGP 29,440, influenced by the increase in karat prices.
Global gold price in USD:
The global gold price in US
dollars recorded a new increase, reaching $2,639 per ounce. This reflects the
direct impact of global factors on the local market.
Factors affecting gold prices:
The increase in local gold prices
is linked to several factors, most notably:
The rise in the US dollar price
and its impact on the Egyptian market.
Increased demand for gold as a
safe haven amidst global market fluctuations.
The global increase in gold prices due to economic and political tensions.