Gold prices in Egypt edged lower on Sunday, falling 0.09–0.10 per cent across major purities, as local demand softened despite firming global bullion markets, according to official pricing platforms.
As of 17:34 local time (15:34 GMT), 24-carat gold was quoted at 6,245.75 Egyptian pounds per gram, down 5.75 pounds from 6,251.50 pounds at the close on 20 Nov. Other purities saw similar declines:
| Metal | 23 November (EGP) | 20 November (EGP) | Change (EGP) | Change % |
| 24-carat | 6245.75 | 6251.5 | -5.75 | -0.09 |
| 21-carat | 5465 | 5470 | -5.00 | -0.09 |
| 18-carat | 4684.25 | 4688.5 | -4.25 | -0.09 |
| 14-carat | 3643.25 | 3646.75 | -3.50 | -0.10 |
| Gold Pound | 43720 | 43760 | -40.00 | -0.09 |
Gold prices in Egypt are influenced by global spot prices, the exchange rate of the Egyptian pound against the US dollar, and seasonal fluctuations in jewelry and investment demand.
(1 US dollar = 47.6777 Egyptian pounds)
Attribution: Amwal Al Ghad English
