Gold rises to $4,196.70 an ounce; Egyptian prices climb at Saturday's open

Spot gold gained $63.07 (1.53%) to $4,196.70 an ounce at the week's close, while Egyptian prices rose at Saturday's open.

• Gold traded between $4,131.12 and $4,207.51 an ounce during the week.
• Gold recorded a 5.54% annual gain while declining 11.94% over the past six months.
• In Egypt, the 21-karat gram rose about 20 pounds to 6,160–6,165 pounds at Saturday's open.
• The 24-karat gram reached 7,040–7,045 pounds, the gold pound 49,280–49,320 pounds, and a 50-gram bar roughly 352,000 pounds.
• The Gold and Jewelry Division reported the 18-karat gram trading at 5,280 pounds at Saturday's open, excluding workmanship and hallmarking fees.
• Gold Billion reported that 21-karat gold traded at a discount of more than 40 Egyptian pounds per gram versus its fair global-derived price.
• Nadi Naguib, Gold Division secretary-general, said prices fell about 15 pounds per gram mid-morning, with 21-karat at 6,150 pounds.
• Nadi Naguib, Gold Division secretary-general, said 21-karat gold stabilized at 6,150 Egyptian pounds per gram during Saturday evening trading.