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بوابة أخبار اليوم
Gold Drops 55 Pounds This Week
Gold prices in the local market experienced a decline over the week, with the price of a gram dropping by approximately 50 to 55 Egyptian pounds, despite the global ounce price decreasing by only 7 dollars. This decline was influenced by the exchange rate of the US dollar and the volume of local demand, even though gold achieved notable gains in July, with the price of 21-karat gold (per gram) rising by 255 pounds and the international price of an ounce increasing by about 37 dollars. By the end of the week, the price of a gram of 21-karat gold ranged from 5,930 to 5,940 pounds, excluding manufacturing costs, compared to 5,985 pounds at the beginning of the week. Price analyses showed fluctuations between the start and end of the week, with market dynamics continuing to impact price movements, despite the stability of the ounce price at 4,045 dollars.
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