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Gold gains EGP 10/gram on Tuesday

Gold gains EGP 10/gram on Tuesday
The 21-karat gold grew to EGP 755 per gram

Cairo – Mubasher: Gold prices in Egypt partly recovered its losses during Tuesday’s mid-trades as the precious metal rose to $1,700 per ounce.

The 21-karat gold grew to EGP 755 per gram on Tuesday from EGP 745 on Monday, Nady Naguib, Secretary General of the Gold Division at the Federation of Egyptian Chambers of Commerce (FEDCOC), told Mubasher.

Meanwhile, the per-gram prices of 18- and 24-karat gold increased to EGP 650 and EGP 845, respectively, Naguib revealed.

Globally, gold price rose to $1,705 per ounce on Tuesday after it fell to $1,678 on Monday, its lowest level since 3 April 2020.