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المصري اليوم
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المصري اليوم

2026-10-30T21:01:57.000Z

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Gold Drops 100 Per Gram

Gold Drops 100 Per Gram

The price of 21-karat gold in Egypt fell by more than 100 pounds to 6,240 pounds, after global gold prices dropped 2.7% to $3,910.53 an ounce, their lowest level in a year. With demand weakening in China and India and buyers waiting for a further decline, the article does not give a firm recommendation to buy now. It does note, however, that gold remains a hedging tool and that local prices are influenced by the dollar exchange rate, movements in the global gold price, and monetary policy.

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