Gold and Currency Prices Rise in Egypt

The Egyptian markets witnessed a significant increase in gold and currency prices today, according to Bakam data. The 21K gold, the most traded among Egyptians, registered at 6265.49 EGP per gram, while 24K gold reached 7160.56 EGP. Meanwhile, 18K gold recorded 5370.42 EGP per gram.

On the international level, the ounce price stood at 4166.1 USD, reflecting global market movements and their impact on the local market.

Regarding foreign currencies, there was a noticeable rise in prices. The Saudi Riyal was priced at 14.16 EGP for purchase and 14.36 EGP for sale. The Qatari Riyal registered a purchase price of 14.58 EGP and a sale price of 14.79 EGP.

As for the Kuwaiti Dinar, it reached 171.0 EGP for purchase and 173.41 EGP for sale. The Jordanian Dinar stood at 74.87 EGP for purchase and 75.93 EGP for sale.

The British Pound reached 70.7 EGP for purchase and 71.7 EGP for sale, while the Euro was at 59.67 EGP for purchase and 60.51 EGP for sale. The UAE Dirham was priced at 14.45 EGP for purchase and 14.66 EGP for sale.

Finally, the US Dollar rose to 53.09 EGP for purchase and 53.83 EGP for sale, reflecting the global and local market influences on the Egyptian economy.