Gold Prices Rise in Egypt: Latest Updates for Monday Evening
Gold prices in Egypt continued their upward trend by Monday evening, with an increase of 5 EGP per gram compared to earlier in the day, according to Nady Naguib, the former Secretary-General of the Gold Division at the Cairo Chamber of Commerce, as reported by Masrawy.
Gold Prices Overview
Here’s a breakdown of the current gold prices in Egypt:
- Gold 14 Karat: Increased to 2,490 EGP per gram.
- Gold 18 Karat: Rose to 3,201 EGP per gram.
- Gold 21 Karat: Jumped to 3,735 EGP per gram.
- Gold 24 Karat: Climbed to 4,268 EGP per gram.
Gold Pound Price
The price of the gold pound also saw a significant rise, reaching 29,880 EGP. It’s important to note that prices may vary slightly depending on the dealer. The price of the gold pound is equivalent to the total value of gold within the coin.
Global Gold Prices
Globally, gold prices saw a 0.65% increase, bringing the price to $2,739 per ounce by the end of Monday's trading session. An ounce (or troy ounce) is equivalent to about 31.1 grams of 24 karat gold.
You can follow live updates on gold prices throughout the day via this service from Masrawy.
