Gold prices in Egypt rose slightly on Monday, mirroring movements in global bullion markets and fluctuations in the U.S. dollar exchange rate, according to data from local traders.
As of 16:13 local time (14:13 GMT), 24-carat gold traded at 6,125.75 Egyptian pounds per gram, up from 6,108.5 pounds on 2 November, marking a 0.28 per cent increase.
Other purities saw similar gains:
Local gold prices typically move in line with global trends but are also influenced by domestic factors including the Egyptian pound's exchange rate and seasonal jewelry demand.
(1 US dollar = 47.1963 Egyptian pounds)
Attribution: Amwal Al Ghad English