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Gold prices fall in Egypt Monday
The price of gold in Egypt decreased by approximately 30 Egyptian pounds during mid-trading, reaching 6,350 pounds per gram for the 21-karat purity. The prices of 14, 18, and 24-karat gold also declined similarly. Additionally, the price of the gold pound dropped to 50,800 pounds, and the ounce fell to around 225,692 pounds, reflecting a global decline of 0.59%, bringing the price to approximately $4,352 per ounce. This decrease is attributed to the global fall in gold prices, which has led to a corresponding decline in local prices.
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