Gold Prices in Egypt Witness Significant Increase on Monday

Gold prices in Egypt rose on Monday, with 24-karat priced at EGP 4,811.5 for buying and EGP 4,840 for selling. Other karats also saw increases, including 22-karat at EGP 4,410.5 and 21-karat at EGP 4,210. The gold pound is currently at EGP 33,680 for buying, and the gold ounce is at $3,000.69.

On Monday, gold prices in Egypt experienced a collective increase, with significant changes reported across various karats. The price for 24-karat gold reached EGP 4,811.5 per gram for buying and EGP 4,840 for selling, as per data from iSagha. Similarly, the 22-karat gold rose to EGP 4,410.5 for buying and EGP 4,436.75 for selling.

In addition to the 22-karat, the price for 21-karat gold also saw an uptick, reaching EGP 4,210 per gram for buying and EGP 4,235 for selling. Furthermore, the 18-karat gold was priced at EGP 3,608.5 for purchasing and EGP 3,630 for selling.

The current price of the gold pound stands at EGP 33,680 for buying and EGP 33,880 for selling. In the international market, the gold ounce is valued at $3,000.69 for purchasing and $3,000.98 for selling. These changes indicate a notable trend in the gold market, reflecting increasing investor interest and demand.

The rise in gold prices across various karats in Egypt indicates a growing trend in the market. With significant increases noted in both buying and selling prices, the demand for gold appears to be robust. The notable valuation of the gold ounce also underscores the international factors driving this trend.

Original Source: www.zawya.com