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Gold prices in Egypt recorded a notable increase on Saturday, with the benchmark 21-carat gold jumping by EGP 40 per gram, tracking the global surge in the price of the ounce, which reached $3,369.

Local gold prices today were as follows:

24-carat: EGP 5,234 per gram

21-carat (the most traded): EGP 4,580 per gram

18-carat: EGP 3,926 per gram

Gold pound (8 grams of 21-carat): EGP 36,640

Traders and investors in the local market are closely watching global price movements, which remain volatile amid expectations around U.S. Federal Reserve decisions and central banks’ monetary policies, in addition to supply and demand dynamics in Egypt’s market.