Gold prices in Egypt rose slightly on Monday, tracking gains in global bullion markets and movements in the US dollar exchange rate, according to data from local traders. As of 16:25 local time (14:25 GMT), 24-carat gold was trading at 6,217.25 Egyptian pounds per gram, up from 6,102.75 pounds on 9 Nov. — a 1.88 per cent increase. Other purities saw similar gains: Metal 10 November (EGP) 9 November (EGP) Change (EGP) Change % 24-carat 6217.25 6102.75 114.50 1.88 21-carat 5440 5340 100.00 1.87 18-carat 4662.75 4577.25 85.50 1.87 14-carat 3626.75 3560 66.75 1.88 Gold Pound 43520 42720 800.00 1.87
Local gold prices typically move in line with global trends, the Egyptian pound's exchange rate, and seasonal jewelry demand. (1 US dollar = 47.3106 Egyptian pounds) Attribution: Amwal Al Ghad English