Gold prices in Egypt dipped on Thursday, edging down 0.09 per cent across major purities as domestic demand eased, even as global bullion markets held steady, according to official pricing platforms. At 19:16 local time (17:16 GMT), 24-carat gold was quoted at 6,354.25 Egyptian pounds per gram, down 5.75 pounds from Wednesday's close of 6,360 pounds. Other purities recorded similar declines: Metal 27 November (EGP) 26 November (EGP) Change (EGP) Change % 24-carat 6354.25 6360 -5.75 -0.09 21-carat 5560 5565 -5.00 -0.09 18-carat 4765.75 4770 -4.25 -0.09 14-carat 3706.75 3710 -3.25 -0.09 Gold Pound 44480 44520 -40.00 -0.09
Gold prices in the local market are influenced by global spot prices, movements in the Egyptian pound against the US dollar, and seasonal patterns in jewelry and investment demand. (1 US dollar = 47.6969 Egyptian pounds)