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Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Gold Prices Decline, 21-Karat at EGP 3100


Thu 04 Apr 2024 | 03:18 PM
Gold prices were stabilized locally, internationally
Gold prices were stabilized locally, internationally
Nada Mustafa- Walid Farouk

Gold prices in the local markets declined during today's trading, Thursday, as did gold prices on the global stock exchange, after the ounce recorded a record rise, exceeding the $2300 level per ounce, as the statements of the US Federal Reserve Chairman boosted expectations about reducing interest rates.

Saeed Embabi, CEO of the “iSagha” platform said that gold prices witnessed a decline by EGP 30 in the local markets during today’s trading, as a gram of 21 karat gold recorded EGP 3100, while an ounce declined to $2286.

He added that a gram of 24 karat gold recorded EGP 3543, a gram of 18 karat gold recorded about EGP 2657, and a pound of gold recorded about EGP 24800.