On Monday, gold prices in Egypt rose significantly, with 24-karat gold reaching EGP 4,811.5 for buying. Prices for 22-karat, 21-karat, and 18-karat gold also saw increases, along with the gold pound and ounce. This collective rise reflects ongoing market trends affecting gold valuation.
On Monday, gold prices in Egypt experienced a notable increase. The cost of 24-karat gold reached EGP 4,811.5 per gram for purchasing and EGP 4,840 for selling, according to data from iSagha. Similarly, the price for 22-karat gold rose to EGP 4,410.5 for buying and EGP 4,436.75 for selling.
Moreover, the price of 21-karat gold increased to EGP 4,210 per gram when buying and EGP 4,235 for selling. The 18-karat gold saw prices at EGP 3,608.5 per gram for purchasing and EGP 3,630 for selling. The gold pound was also affected, listing at EGP 33,680 for purchasing and EGP 33,880 for selling.
In terms of international prices, the gold ounce was valued at $3,000.69 for buying and $3,000.98 for selling during this period. These adjustments reflect the current trends and market dynamics impacting gold prices in the region.
In summary, the rise in gold prices in Egypt on Monday signifies changes within the local and potentially the international gold market. The increases across various karat levels indicate a strong demand for gold, alongside notable prices for the gold pound and ounce. Individuals interested in gold investment should remain alert to these fluctuations.
Original Source: www.zawya.com
