Gold prices in Egypt rose on Wednesday, gaining 1.26 per cent across major purities, driven by domestic demand even as global bullion markets remained relatively steady, according to official pricing platforms. At 16:28 local time (14:28 GMT), 24-carat gold was quoted at 6,434.25 Egyptian pounds per gram, up 80 pounds from Tuesday's close of 6,354.25 pounds. Other purities recorded similar gains: Metal 03 December (EGP) 02 December (EGP) Change (EGP) Change % 24-carat 6434.25 6,354.25 80.00 1.26 21-carat 5630 5,560 70.00 1.26 18-carat 4825.75 4,765.75 60.00 1.26 14-carat 3753.25 3,706.75 46.50 1.25 Gold Pound 45040 44,480 560.00 1.26
Gold prices in Egypt are influenced by global spot prices, fluctuations in the Egyptian pound against the US dollar, and seasonal trends in jewelry and investment demand. The dollar was trading at 47.6969 Egyptian pounds at the time of reporting. (1 US dollar = 47.6394 Egyptian pounds)