Gold in Egypt climbs by $1.13

Gold prices in Egypt climbed Wednesday by 10 Egyptian pounds ($1.13) per gram triggered by increase in the prices of gold metal in global markets.

The twenty-four carat gold was sold for 622.85 pounds; while the widely-spread in Egypt, twenty-one carat gold scored 545 pounds.  The 18 carat gold reached 467.15 pounds.

Gold pound also rose by 80 pounds, to reach 4360 pounds on Wednesday, Ehab Wasfy, a member at the gold department at the Federation of Egyptian Chambers of Commerce, told Amwal Al Ghad.

Spot gold gained 0.5 percent to $1,269.27 an ounce. U.S. gold futures were up 0.6 percent at $1,270.50 an ounce.

The table below shows the recent data on local gold prices: