Gold Prices Rise: Know the Prices in Egypt Today Thursday
Gold prices have increased in Egypt today, supported by a decline in the dollar and rising demand for safe-haven assets.
Today, gold prices have seen a noticeable rise due to a drop in the value of the dollar and heightened interest in safe-haven assets. The current price for immediate transactions of gold stands at $5191.85 per ounce. This uptick follows a trend where investors are seeking stability in their investments amidst volatile market conditions.
In Egypt specifically, the most traded gold, which is 21-karat, has reached 6965 Egyptian pounds per gram. These figures highlight the local market's fluctuation against global trends. The prices vary significantly as they do not include manufacturing costs, stamping fees, and taxes, which are essential factors for consumers considering purchases.
The price breakdown for gold in Egypt shows the current rates: 7960 pounds for 24-karat gold, 7296 pounds for 22-karat, 6965 pounds for 21-karat, and 5970 pounds for 18-karat, along with a gold pound priced at 55,720 pounds. This information is vital for investors and consumers in the local market as it reflects both local demand trends and the influence of international pricing.