Gold prices in Egypt slipped on Wednesday, dropping 0.18 per cent across major purities, as domestic demand eased even as global bullion markets remained firm, according to official pricing platforms. As of 17:37 local time (15:37 GMT), 24-carat gold was trading at 6,360 Egyptian pounds per gram, down 11.50 pounds from 6,371.5 pounds at Tuesday's close, according to official pricing platforms. Other purities witnessed similar declines: Metal 26 November (EGP) 25 November (EGP) Change (EGP) Change % 24-carat 6360 6371.5 -11.50 -0.18 21-carat 5565 5575 -10.00 -0.18 18-carat 4770 4778.5 -8.50 -0.18 14-carat 3710 3716.75 -6.75 -0.18 Gold Pound 44520 44600 -80.00 -0.18
Gold prices in Egypt are shaped by global spot prices, fluctuations in the Egyptian pound against the US dollar, and seasonal trends in jewelry and investment demand. The dollar was trading at 47.7618 EGP at the time. (1 US dollar = 47.7618 Egyptian pounds) Attribution: Amwal Al Ghad English