Gold rose in Egypt, 21-Carat hits EGP269.5

Gold prices in Egypt rose on Tuesday by one Egyptian pound (US$0.13) per gram. The Twenty-four carat gold is sold today for EGP 308; while the widely-spread in Egypt Twenty-one carat gold scored EGP 269.5.

In addition, the 18-carat gold reached EGP 231 today.

From his part, El-Sayed El-Sharkawy – chairman of gold traders’ chamber of Alexandria – attributed the increase in yellow metal prices in Egypt to gold moves further away from 3-week low in global trading. Gold prices in global trading inched 0.3% higher to $1,243.05 an ounce

Gold extended gains to a second straight session on Tuesday as worries over Greece's future in the eurozone and a decline in global equities supported the safe-haven metal. 

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