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Gold prices for 24K and bullion
Last week, there was a sharp decline in global gold prices, with the ounce price dropping by 4.7% to reach its lowest level in two and a half months at $4,311. This downturn was driven by rising expectations of interest rate hikes by the U.S. Federal Reserve and increased tensions related to the Iranian conflict. In Egypt, the price of 24-karat gold reached approximately 7,371 Egyptian pounds, 21-karat gold was at 6,450 pounds, 18-karat gold at 5,529 pounds, with the gold pound price decreasing to 51,600 pounds.
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