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Gold prices in Egypt fall again
Gold prices in Egypt have declined for the second consecutive day due to profit-taking on the global market, despite the exchange rate of the US dollar remaining stable in banks at around 50.28 Egyptian pounds. The price of 24-karat gold reached approximately 7,160 pounds per gram, while 21-karat gold was sold at 6,265 pounds, and 18-karat gold at 5,370 pounds. Meanwhile, the international ounce price has fallen to about $4,388 after reaching its highest level in two months, driven by profit-taking, global market fluctuations, and expectations regarding upcoming US monetary policy and geopolitical developments.
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