Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Gold Prices Decline, 21-Karat at EGP 3600

Mon 12 Feb 2024 | 03:19 PM
File photo
File photo
Nada Mustafa- Walid Farouk

Gold prices in the local markets have resumed their pricing movement, and trading activity has returned in buying and selling during Monday.

This came amid a decline in the ounce on the global stock exchange, and markets' anticipation for the issuance of US inflation data tomorrow, Tuesday, to obtain indicators about the directions of the US Federal monetary policy during the next period.

Saeed Embabi, CEO of the “iSagha” platform said that gold prices witnessed a decline by EGP 50 in the local markets during today’s trading, as a gram of 21 karat gold recorded EGP 3600, while an ounce declined to $2020.

He added that a gram of 24 karat gold recorded EGP 4114, a gram of 18 karat gold recorded about EGP 3086, and a pound of gold recorded about EGP 28800.