Gold prices in Egypt rose on Thursday, supported by higher international bullion prices and movements in the Egyptian pound, according to market data at 18:22 local time (15:22 GMT).
Twenty-one-carat gold, the country’s most widely traded grade, rose 30 Egyptian pounds, or 0.50 per cent, to 5,975 pounds per gram from 5,945 pounds on Wednesday.
Other popular gold grades saw similar gains:
| Metal | 06 August (EGP) |
05 August (EGP) |
Change (EGP) | Change % |
| 24-carat | 6828.5 | 6794.25 | 34.25 | 0.50 |
| 21-carat | 5975 | 5945 | 30.00 | 0.50 |
| 18-carat | 5121.5 | 5095.75 | 25.75 | 0.51 |
| Gold Pound | 47800 | 47560 | 240.00 | 0.50 |
Spot gold traded at $4,256 per ounce, while the US dollar was quoted at EGP 49.8294, according to market data.