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Gold prices in Egypt today fell by more than 65 pounds, following the global gold market losing the $4,600 level and experiencing fluctuations of around $40, which caused price volatility in the local market. The 24K gold price reached 7,417 pounds, while 21K gold was priced at 6,490 pounds. The gold pound (24K) stood at 51,920 pounds. The market began to correct after reaching a three-month high of 6,645 pounds per gram, then declined to a support level of 6,550 pounds per gram. Investor interest remains strong, with gold-backed investment funds recording their largest cash inflows in 11 months, totaling $6.4 billion, and their holdings increasing by 46.7 tons over the past week — the longest series of investment inflows since the start of the year.
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