Gold prices in Egypt edged higher on Tuesday, following gains in global bullion markets and shifts in the U.S. dollar exchange rate, local traders said. As of 5:30 p.m. local time (3:30 p.m. GMT), 24-carat gold was trading at 6,285.75 Egyptian pounds per gram, up 1.1 per cent from 6,217.25 pounds on 10 Nov. Other purities saw similar gains: Metal 11 November (EGP) 10 November (EGP) Change (EGP) Change % 24-carat 6285.75 6217.25 68.50 1.10 21-carat 5500 5440 60.00 1.10 18-carat 4714.25 4662.75 51.50 1.10 14-carat 3666.75 3626.75 40.00 1.10 Gold Pound 44000 43520 480.00 1.10
Local gold prices in Egypt typically track international market movements, the Egyptian pound's exchange rate, and seasonal jewelry demand. (1 US dollar = 47.2685 Egyptian pounds) Attribution: Amwal Al Ghad English