Gold in Egypt goes higher by $0.56

Gold prices in Egypt edged higher by end of the week by five Egyptian pounds ($0.56) on Friday.

The twenty-four carat gold was sold on Friday for 531.40 pounds; while the widely-spread in Egypt, twenty-one carat gold scored 465 pounds.  The 18 carat gold reached 398.55 pounds.

Gold pound also rose by 40 pounds, to 3720 pounds on Friday triggered by increase in the prices of gold metal in global markets to record $1325 per ounce, Ehab Wasfy, a member at the gold department at the Federation of Egyptian Chambers of Commerce, told Amwal Al Ghad.

The table below shows the recent data on local gold prices: