Gold prices in Egypt slumped on Tuesday by two Egyptian pounds per gram. The Twenty-four carat gold is sold today for EGP 302.06; while the widely-spread in Egypt Twenty-one carat gold scored EGP 264.
The 18-carat gold reached EGP 226.63 today.
Nady Naguib – member of the gold traders chamber – referred to the fluctuation in gold prices in global markets which affects in return on the local market. The gold futures reached US$ 1335.85 an ounce on Tuesday.
Mr. Naguib said the gold traders hang on in the hope that the coming of Eid al-Adha will contribute to ease the state of long-lasting relative recession of 60%.
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 |
302.06 |
$43.86 |
|
21K Gram |
264 |
$38.33 |
|
18K Gram |
226.63 |
$32.91 |
|
14K Gram |
176.35 |
$25.61 |
|
10K Gram |
126.06 |
$18.30 |
