In Egypt, the price of 21-karat gold, the most commonly traded in the local market, has jumped from EGP 3,720 to EGP 4,280 per gram, marking an increase of EGP 560, or 15.02% since January.
Business Today Egypt has released crucial news updates.
The decline came as the Cabinet approved a resolution to exempt the import of semi-manufactured gold.
This comes amid market attempts to gain clarity about the future of US monetary policy amidst anticipation for economic data to be released.
The price of 21-carat gold reached EGP 2,500 on Tuesdayز
