Egypt's gold prices rise to all-time high

The price of 24-karat gold amounted to EGP 1,046 per gram

  
A salesman arranges gold jewellery in a shop at the market of Khan el-Khalili in Old Cairo, Egypt August 20, 2019.

A salesman arranges gold jewellery in a shop at the market of Khan el-Khalili in Old Cairo, Egypt August 20, 2019.

REUTERS/Hayam Adel

Cairo –  Gold prices continued its rising trend in the Egyptian market, reaching an all-time high on Wednesday, according to the gold division at the Federation of Egyptian Chambers of Commerce (FEDCOC).

The price of 24-karat gold amounted to EGP 1,046 per gram, while the per-gram prices of 21- and 18- karat gold registered EGP 915 and 784, respectively, Ehab Wassef, a member of the gold division, told Mubasher.

Globally, the prices of the precious metal gained $38 to $2,059 per ounce.

Source: Mubasher Exclusive

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