Gold prices rise in Egypt as global spot climbs on Friday

Gold prices rose in Egypt on Friday, October 16, as 21-carat gold reached roughly 6,245 pounds per gram and global spot climbed.

• Gold prices in Egypt opened Friday about 40 pounds per gram above Thursday's evening close.
• Mid-session, prices rose a further 5 pounds, according to Nady Naguib, former secretary general of Egypt's gold division.
• 21-carat gold reached about 6,245 to 6,250 pounds per gram.
• Global spot gold rose 0.31 percent to $4,183.40 an ounce.
• In evening trading, gold prices rose a further 10 pounds per gram, lifting 21-carat to 6,255 pounds.
• The gold pound rose to 50,040 pounds, while 18-carat reached 5,361 pounds per gram.
• Global spot gold gained 0.34 percent to about $4,185 an ounce, according to Bloomberg data.