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Gold prices rise to record level not seen in the Egyptian market by

Written By easy on Friday, January 18, 2013 | 6:07 AM

Gold prices rose on Friday in the Egyptian market to unprecedented rates that took place in Egypt in the history of the gold industry, where the price of one gram of 21 carat to 322 pounds, as a result of large hikes in the U.S. dollar against the pound.

The descriptor in a statement the "seventh day", if there stable in gold prices globally at the point of 1690 dollars per ounce, did not witness any heights but the domestic market ignites when prices day after day due to declining value of the Egyptian pound against the dollar, saying: "The Date industry and trade of gold in Egypt since its inception did not reach this point. "

He pointed out that the highest point reached by the April 2011 last year, and was due at that time highs World which boat where price ounce 1918 dollars, which led to higher prices in the domestic market, but it did not reach the point of ignition, which reached now, Add to the expectations of a further increase next period.

He continued, the price of one gram of 18 carat gold reached 276 pounds, while a gram 24 carat bringing the price of 368 pounds, in addition to the pound of gold and who arrived to 2576 pounds.

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