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Egypt Gold Prices: 21K, 24K and Gold Pound
The price of gold in Egypt has declined after reaching its highest level in three months, with 21-karat gold selling for 6,490 pounds and the gold pound at 51,920 pounds. This follows fluctuations in global prices, which have led to ongoing changes in local prices. Gold-backed investment funds experienced significant inflows totaling $6.4 billion, and their holdings increased by 46.7 tons during the past week, marking the largest investment inflow in 11 months. Gold prices in Egypt remain high compared to previous periods, trading near the support level of 6,550 pounds per gram.
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