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صدى البلد
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Gold prices fall after 21K decline
Gold prices in Egypt are determined based on trading rates in the gold markets, excluding craftsmanship fees or stamp duty, with slight differences between regions. The price of a gram of 24-karat gold is approximately 7,108 Egyptian pounds, while the more commonly traded 21-karat gold has reached 6,220 pounds. The 18-karat gold price has remained steady at 5,331 pounds, and the gold pound is around 49,760 pounds. Globally, the price of an ounce of gold has risen to about $4,368, amidst ongoing attention to the impact of geopolitical developments and monetary policies on the market. The craftsmanship fees vary between 50 and 200 pounds per gram. Market forecasts indicate that gold will continue to fluctuate in August within a flexible price range, influenced by demand shocks from central banks and political decisions.
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