24 Hrs
Source:
اليوم السابع
_1777352244987_250242181.png&w=48&q=75){kind=small}
Egyptian gold declines by 65 pounds
Gold prices in Egypt declined by more than 65 Egyptian pounds due to profit-taking sales, following a drop in global gold prices below $4,600 and oscillation around $40, which led to a decrease in local gold prices, trading around the support level of 6,550 pounds per gram. The 24-karat gold reached approximately 7,417 pounds, 21-karat at 6,490 pounds, 18-karat at 5,563 pounds, and 14-karat at 4,327 pounds, while the gold pound was priced at 51,920 pounds. Despite the decline, gold prices in Egypt remain high compared to previous periods, with gold-backed investment funds continuing to record the largest cash inflows in 11 months, with $6.4 billion entering last week. Fund holdings increased by 46.7 tons of gold for the seventh consecutive week, indicating strong demand and investor interest in gold investment.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)