Gold prices in Egypt edged lower on Sunday, tracking declines in international bullion markets and movements in the local exchange rate. As of 16:37 local time (13:10 GMT), 24-carat gold was trading at 6,331.5 Egyptian pounds per gram, down from 6,365.75 pounds on 23 October, according to market data. Metal 26 Oct (EGP) 23 Oct (EGP) Change Change % 24-carat 6,331.5 6,365.75 -34.25 -0.54 21-carat 5,540 5,570 -30.00 -0.54 18-carat 4,748.5 4,774.25 -25.75 -0.54 14-carat 3,693.25 3,713.25 -20.00 -0.54 Gold Pound 44,320 44,560 -240.00 -0.54
Gold prices in the local market continue to mirror international trends, with movements also shaped by the US dollar exchange rate and domestic demand dynamics. (1 U.S. dollar = 47.4714 Egyptian pounds) Attribution: Amwal Al Ghad English