Gold prices in Egypt rose on Wednesday, following movements in global markets and fluctuations in the US dollar exchange rate, according to local market data. As of 16:10 local time (13:10 GMT), 24-carat gold was trading at 6,160 Egyptian pounds per gram, up from 6,040 pounds on 28 Oct. — a 1.99 per cent increase. Prices for other purities also climbed: Metal 29 October (EGP) 28 October (EGP) Change Change % 24-carat 6,160 6,040 120.00 1.99 21-carat 5,390 5,285 105.00 1.99 18-carat 4,620 4,530 90.00 1.99 14-carat 3,593.25 3,523.25 70.00 1.99 Gold Pound 43,120 42,280 840.00 1.99
Local prices continue to mirror global gold movements, while domestic factors — particularly the exchange rate of the Egyptian pound and seasonal demand — also influence day-to-day fluctuations. (1 US dollar = 47.2526 Egyptian pounds)