Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Egypt- Gold prices settle  Join our daily free Newsletter

MENAFN - Youm7 - 11/12/2011

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Youm7) Gold prices stabilized Saturday at Friday's prices, according to the director of the gold division at Chamber of Commerce Union, Ahmed Rafik Abbasi

Eighteen-carat gold was priced at 245 EGP (U.S. 40.90) a gram, 21-carat gold was valued at 287 EGP (U.S. 47.91) a gram, and 24-carat was valued at 329 EGP (U.S. 54.92) a gram. A gold Egyptian pound was valued at 2,304 EGP (U.S. 384.64).

Abbasi said that 80 percent of gold factories closed and turned to other activity as a result of the gold recession.

He also said that gold prices retreated by 90 percent in the national markets for the first time in history.

Abbasi noted that national gold prices depend on international pricing and global stock markets.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help