Gold prices across Egypt registered a uniform decline on Tuesday, falling 0.83 per cent across all major purities, driven by softer local demand and synchronised movements in the global bullion markets, according to official local pricing platforms. As of 4:05 PM local time (14:05 GMT), the price for 24-carat gold was quoted at 6,154.25 Egyptian pounds per gram, down 51.50 pounds from the previous day's closing price of 6,205.75 pounds on 17 November. The drop marks a consistent fall across all traded purities and weights: Metal 18 November (EGP) 17 November (EGP) Change (EGP) Change % 24-carat 6154.25 6205.75 -51.50 -0.83 21-carat 5385 5430 -45.00 -0.83 18-carat 4615.75 4654.25 -38.50 -0.83 14-carat 3590 3620 -30.00 -0.83 Gold Pound 43080 43440 -360.00 -0.83 Local gold pricing in Egypt is primarily influenced by three key factors: global spot gold prices, the exchange rate of the Egyptian pound against the US dollar, and seasonal fluctuations in domestic jewelry and investment demand. (1 US dollar = 47.2235 Egyptian pounds) Attribution: Amwal Al Ghad English
