Gold prices decreased in the local markets during trading, Tuesday, in the light of the decline of an ounce price in the global stock exchange to recording $1798, due to the rise in the dollar price and the strong expectations that the US Federal Reserve will raise interest rates by the end of this month.
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Said Imbabi, Executive Director of the “I-Sagha” platform for gold and jewelry online trading , said that gold prices decreased in the local markets by about EGP 22 as the 21 karat gold recorded EGP 965.
He added, that the 24 karat gold recorded EGP1103, a gram of 18 karat gold recorded EGP827 pounds, a gram of 14 karat gold recorded EGP644.
A pound of gold recorded EGP 7816.
