Gold prices in Egypt fell on Thursday, following movements in global markets and fluctuations in the US dollar exchange rate, according to local market data. As of 16:20 local time (13:20 GMT), 24-carat gold was trading at 6,057.25 Egyptian pounds per gram, down from 6,160 pounds on 29 Oct. — a 1.67 per cent fall. Other purities recorded similar declines: Metal 30 October (EGP) 29 October (EGP) Change Change % 24-carat 6,057.25 6,160.00 -102.75 -1.67 21-carat 5,300.00 5,390.00 -90.00 -1.67 18-carat 4,542.75 4,620.00 -77.25 -1.67 14-carat 3,533.25 3,593.25 -60.00 -1.67 Gold Pound 42,400.00 43,120.00 -720.00 -1.67
Local bullion prices typically move in tandem with international gold trends but are also influenced by domestic factors such as the Egyptian pound's exchange rate and seasonal jewelry demand. (1 US dollar = 47.1714 Egyptian pounds) Attribution: Amwal Al Ghad English