Gold Prices In Egypt Seen 10% Rise This Week

Egypt’s gold traders chamber says gold prices will likely to have a slight increase of 3 Egyptian pounds per gram as the widely-spread in Egypt Twenty-one carat gold is expected to reach EGP 301.

Nady Naguib – member of the gold traders chamber – said the gold prices in Egypt is expected to slightly rise on Tuesday spurred by the high turnout for buying the precious metal during the last two days.

Naguib further stated that gold prices in Egypt will likely to surge by 10% within the current week.