Ihab Wassef, member of Gold Division of the General Union Chamber of Commerce, said gold prices were swinging back and forth during this week’s trading.
The gram price fluctuation in local market, despite the stable global prices, is a result of high dollar exchange rates.
The 18-carat recorded EGP 258; the 21-carat recorded EGP 302; while the 24-carat recorded EGP 343. The price of a gold pound reached EGP 2440, and the ounce recorded EGP 1240, he said.
