Gold prices in Egypt fell on Tuesday, following a drop in global bullion rates and fluctuations in the local exchange rate. As of 17:45 local time (14:45 GMT), 24-carat gold was trading at 6,485.75 Egyptian pounds per gram, down from 6,617.25 pounds on 20 Oct., according to market data. Metal October 21st (EGP) October 19th (EGP) Change Change % 24-carat 6,485.75 6,617.25 -131.50 -1.99 21-carat 5,675.00 5,790.00 -115.00 -1.99 18-carat 4,864.25 4,962.75 -98.50 -1.98 14-carat 3,783.25 3,860.00 -76.75 -1.99 Gold Pound 45,400.00 46,320.00 -920.00 -1.99
Gold prices in the local market typically move in line with international bullion prices, the U.S. dollar exchange rate, and domestic supply and demand dynamics. (1 United States dollar = 47.5044 Egyptian pounds)