Gold prices increase, 21-karat hits EGP 1760

Gold Prices has increased today’s trading, Thursday, in light of the rise in the prices of ounces, supported by a decline in dollar amid a decline in trading due to Christmas celebrations.

This came amidst the market's anticipation on Thursday for the decisions of the Monetary Policy Committee meeting to determine the fate of interest rates.

Saeed Imbaby, the CEO of “I-Sagha” platform, said gold prices in the local markets rose by EGP 20 in the local markets during today’s trading, compared to the end of Wednesday’s trading, as 21-karat gold is estimated at EGP 1760, while the gold ounces recorded $ 1815.

He added that 24-karat reached EGP 2012, 18-karat recorded EGP 1509, 14-karat was sold at EGP 1174, and the pound of gold was estimated at EGP 14080.