Gold Markets Brace for Price Fluctuations as Russia-Ukraine Crisis Escalates

Gold prices decreased on Tuesday as the growing worries over the recent tensions between Russia and Ukraine rattled global markets this week and led to fluctuating demand and supply as well, according to the head of the Gold Division.

“Global markets and investors are bracing for a price fluctuation as the Russia-Ukraine crisis escalates,” said the head of the Gold Division Hani Milad, adding that a gram of 21-carat gold decreased to EGP 829.

He also revealed that 24-carat recorded EGP 948, 18-carat recorded EGP 711, while the gold pound recorded EGP 6632.

Contributed by Ahmed Emam