Gold Falls in Egypt by Two Pounds Today

Gold prices in Egypt slumped on Tuesday by two Egyptian pounds per gram. The Twenty-four carat gold is sold today for EGP 302.06; while the widely-spread in Egypt Twenty-one carat gold scored EGP 264.

The 18-carat gold reached EGP 226.63 today.

Nady Naguib – member of the gold traders chamber – referred to the fluctuation in gold prices in global markets which affects in return on the local market. The gold futures reached US$ 1335.85 an ounce on Tuesday.

Mr. Naguib said the gold traders hang on in the hope that the coming of Eid al-Adha will contribute to ease the state of long-lasting relative recession of 60%.

The Table below demonstrates the prices of gold in Egypt recorded on Tuesday in Egyptian pound (EGP) and the US Dollar (USD):

Egypt’s Gold Prices in Egyptian pound (EGP) & US Dollar (USD)

Carat

EGP

USD

24K Gram

302.06

$43.86

21K Gram

264

$38.33

18K Gram

226.63

$32.91

14K Gram

176.35

$25.61

10K Gram

126.06

$18.30

Comments
Loading...