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السويس بلدي
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Suez Balady Reports Weekly Gold Price Drop
Gold prices in the local market experienced a decline during the past week, with the price of a gram of gold dropping by approximately 50 to 55 pounds, despite the fact that the global price of an ounce fell by only 7 dollars. This decrease is attributed to the impact of the dollar exchange rate, domestic demand levels, and the performance of international markets. However, gold saw significant gains throughout July, with the local price of a gram increasing by about 255 pounds and the global price of an ounce rising by approximately 37 dollars. By the end of the week, the price of a 21-karat gram ranged between 5930 and 5940 pounds, compared to 5985 pounds at the start of the week, with an average difference of about 50 pounds between the buying and selling prices. On the global level, the gold ounce closed trading at 4045 dollars, down by 7 dollars from the beginning of the week.
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