Gold Rallies in Egypt by One Pound Today

Gold prices in Egypt surged on Monday by one Egyptian pound. The Twenty-four carat gold is sold for EGP 302; while the widely-spread in Egypt Twenty-one carat gold scored EGP 266.

The 18-carat gold reached EGP 228 today.

Mr. Adel Rady, Chief Division of gold Chamber of Commerce in Giza, said the precious metal rebounded by the beginning of the current week.

Mr. Rady sees further rise of EGP 10 in gold prices in Egypt as the holy feast Eid al-Adha.

For the global gold exchanges trading, the gold futures jumped to a high of US$ 1340.5 an ounce today, compared to 1336.75 an ounce on Friday.

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

$43.81

21K Gram

266

$38.59

18K Gram

228

$33.08

14K Gram

176.87

$25.66

10K Gram

126.34

$18.33

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