Gold Prices Decline by EGP 140 in July

Gold Service

Tue 01 Aug 2023 | 03:47 PM

Walid Farouk

Gold prices declined in the local markets by EGP 140 (6%) during July, while the ounce rose by 2%.

Saeed Imbaby, executive director of the “iSagha” platform for online gold and jewelry trade, said that gold prices decreased by EGP 5 in the local markets during the last week’s trading, as 21 carat recorded EGP 2155, while an ounce declined on the global stock exchange by $16, to record $ 1955.

He added that a gram of 24 karat gold recorded EGP 2463, a gram of 18 karat gold recorded EGP1847, a gram of 14 karat gold recorded EGP 1437, and a pound of gold recorded EGP 17240.

Contributed by Nada Mustafa

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