At 11:41am, the price of 24-karat gold rose to EGP 6,120 per gram for buying and EGP 6,154.25 for selling, marking a new record in the local market.
The 22-karat gold also saw an increase, reaching EGP 5,610 per gram for purchase and EGP 5,641.5 for sale.
Meanwhile, 21-karat gold—the most traded in Egypt—rose to EGP 5,355 per gram for buying and EGP 5,385 for selling.
The 18-karat gold was priced at EGP 4,590 per gram for purchase and EGP 4,615.75 for sale.
The latest surge reflects the continued upward trend in gold prices across local markets.