Gold prices in Egypt rose on Thursday, in line with movements in global bullion markets and fluctuations in the local exchange rate. As of 16:10 local time (13:10 GMT), 24-carat gold was trading at 6,365.75 Egyptian pounds per gram, up from 6,297.25 pounds on 22 October, according to market data. Metal Oct. 23 (EGP) Oct. 22 (EGP) Change Change % 24-carat 6,365.75 6,297.25 +68.50 +1.09% 21-carat 5,570.00 5,510.00 +60.00 +1.09% 18-carat 4,774.25 4,722.75 +51.50 +1.09% 14-carat 3,713.25 3,673.25 +40.00 +1.09% Gold Pound 44,560 44,080 +480.00 +1.09%
Gold prices in Egypt are largely influenced by international market movements, the US dollar exchange rate, and local supply and demand conditions. (1 US dollar = 47.5429 Egyptian pounds) Attribution: Amwal Al Ghad English