Gold prices fall by $11 per ounce
Global gold prices experienced volatility during early trading on October 12, 2026, influenced by geopolitical developments and movements in the dollar index. The ounce fell to around $4,185 after initially exceeding $4,195, losing approximately $11 compared to previous levels. Locally, gold prices remained steady with no change after the price of a gram increased by about 30 Egyptian pounds due to the rise in the dollar exchange rate. The price of a 21-karat gram ranged between 6,180 and 6,185 EGP, while 24-karat registered between 7,062 and 7,069 EGP. The craftsmanship fee varied between 3% and 7% of the gram's price, depending on the karat and the effort involved in manufacturing.
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