Gold prices in Egypt edged up on Monday after recording an increase of 10 Egyptian pounds ($1.13) per gram, buoyed by growing prices of gold metal in global markets. The twenty-four carat gold was sold for 731.40 pounds; while the widely-spread in Egypt, twenty-one carat gold scored 640 pounds. The 18 carat gold reached 548.55 pounds. Gold pound also hiked to 5120 pounds on Monday, Ehab Wasfy, a member at the gold department at the Federation of Egyptian Chambers of Commerce, told Amwal Al Ghad. Spot gold was up 0.07 percent at $1,276.81 an ounce by 05:05 GMT, while U.S. gold futures were up 0.07 percent at $1,277.70. The table below shows the recent data on local gold prices: Gold Gram Carat Price in EGP Gold gram carat 24 731.40 Gold gram carat 21 640 Gold gram carat 18 548.55
