Gold prices in Egypt dropped on Tuesday, tracking losses in global bullion markets and volatility in the local exchange rate. As of 16:44 local time (13:44 GMT), 24-carat gold was trading at 6,040 Egyptian pounds per gram, down from 6,171.50 pounds on 27 October, according to market data. Metal October 28th (EGP) October 27th (EGP) Change Change % 24-carat 6,040 6,171.50 -131.50 -2.13 21-carat 5,285 5,400 -115.00 -2.13 18-carat 4,530 4,628.5 -98.50 -2.13 14-carat 3,523.25 3,600 -76.75 -2.13 Gold Pound 42,280 43,200 -920.00 -2.13
Prices in the local market continue to move in line with global trends, influenced by shifts in the US dollar exchange rate and domestic demand. (1 US dollar = 47.3097 Egyptian pounds)