Gold prices in Egypt dropped on Wednesday, mirroring declines in global bullion and fluctuations in the local exchange rate. As of 17:45 local time (14:45 GMT), 24-carat gold was trading at 6,297.25 Egyptian pounds per gram, down from 6,485.75 pounds on 21 Oct., according to market data. Metal October 22nd (EGP) October 21st (EGP) Change Change % 24-carat 6,297.25 6,485.75 -188.50 -2.91 21-carat 5,510.00 5,675.00 -165.00 -2.91 18-carat 4,722.75 4,864.25 -141.50 -2.91 14-carat 3,673.25 3,783.25 -110.00 -2.91 Gold Pound 44,080.00 45,400.00 -1,320.00 -2.91 Gold prices in Egypt typically move in tandem with international bullion trends, the US dollar exchange rate, and local supply and demand dynamics. (1 United States dollar = 47.5049 Egyptian pounds) Attribution: Amwal Al Ghad English