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Trade remained cautious, however, before a two-day meeting at the US Federal Reserve at which policymakers are expected to begin winding down the bank’s stimulus programme.
The price of gold increased Tuesday, with 21 carat gold increasing EGP6 per gram reaching EGP280, compared to EGP274 on Monday.
Local gold market witnessed a surge in sales and prices in Eid el-Fitr as Egyptians seize the vacation to hold their engagements and wedding ceremonies
Centamin produced 93,624 oz of gold for the second quarter in 2013, ending in June, bringing the total production so far to 180,640 oz.
The worldwide gold market witnessed a sharp price decline since 17 June; average prices of the 24k ounce decreasing to EGP 8977.04 in 19 June.
Future trading in the COMEX division of the New York Mercantile Exchange dropped to $1,436.60, their lowest rate since last July.
Black market now real determiner of gold prices, says gold expert at Cairo Chamber of Commerce
Young designer combines the knowledge of Khan El-Khalili’s craftsmen with modern designs
Prices rise as Cyprus refuses to accept EU rescue plan conditions, once again fears for stability of the eurozone
The company’s gold shipment to the Netherlands has cleared customs
Operations remain suspended due to a shortfall in working capital
There are three types of tally; Islamic, Coptic and folkloric with overlapping designs between the three types. “The first piece of tally I saw in Asyut belonged to an old, simple woman. It was a folkloric piece which depicted carvings of mosques and churches beside each other,” said Zaghlol.
London (AFP) — With the London Olympics set to wrap up Sunday, analysts said Britain’s recession-hit economy was unlikely to have won a major boost from the Games that have been a triumph for the nation’s athletes. While Britain’s construction sector benefited hugely before the Olympics, experts have said the 17-day sporting spectacle had not …