[XAU/EGP] Egyptian Gold Market Experiences Unpredictable Volatility: A Daily Snapshot of Prices, September 21, 2023
Cairo, Egypt (September 21, 2023) –In Egypt, the spotlight shines on the fluctuating gold prices as citizens, particularly those with a penchant for investing in the precious yellow metal, continue to diligently monitor the situation.
Gold
The uncertainty surrounding gold prices in the Egyptian market has driven people to social media platforms and search engines for daily updates. Here’s a nuanced look at the latest data.
Gold Prices in Egypt as of September 21, 2023
| Gold Purity (Karat) | Selling Price (EGP) | Buying Price (EGP) |
|---|---|---|
| 24 K | 2537.25 | 2525.75 |
| 22 K | 2325.75 | 2315.25 |
| 21 K | 2220 | 2210 |
| 18 K | 1902.75 | 1894.25 |
| 14 K | 1480 | 1473.25 |
| 12 K | 1268.5 | 1262.75 |
| 9 K | 951.5 | 947.25 |
| Gold Pound | 17760 | 17680 |
The global price of gold has been rising in recent months, due to a number of factors, including rising inflation and geopolitical uncertainty.
In Egypt, the demand for gold is high, as it is seen as a safe investment and a store of value.
The rise in gold prices is likely to be welcomed by investors, who see it as a sign of the strength of the global economy.
However, it could also lead to higher prices for gold jewelry and other gold-related products.
