Gold prices dip globally on July 24

Gold prices experienced a slight global decline, with the ounce dropping by about $7 to record $4,042. Markets remain attentive to developments in geopolitical situations and U.S. economic data, which influence the Federal Reserve's monetary policy. Locally, gold prices held steady at previous levels, with the price per gram of 21-karat gold reaching approximately 5,970 EGP. The craftsmanship fee varies between 3% and 7%, depending on the region and the design of the jewelry. This decline comes amid the absence of official trading in the market since this morning, and jewelry made from 18-karat gold tends to have the highest craftsmanship value compared to 24-karat gold.

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