Gold prices in Egypt declined on Thursday, following losses in international bullion markets, official data showed.
By 15:43 p.m. local time (13:43 p.m. GMT), the price of 24-carat gold had fallen 63 Egyptian pounds, or 0.92 per cent, to 6,788.5 Egyptian pounds per gram, up from 6,851.5 pounds at the close on Tuesday, January 6.
Other gold grades also saw similar declines:
| Metal | 08 January (EGP) | 06 January (EGP) | Change (EGP) | Change % |
| 24-carat | 6788.5 | 6851.5 | -63.00 | -0.92 |
| 21-carat | 5940 | 5995 | -55.00 | -0.92 |
| 18-carat | 5091.5 | 5138.5 | -47.00 | -0.91 |
| 14-carat | 3960 | 3996.75 | -36.75 | -0.92 |
| Gold Pound | 47520 | 47960 | -440.00 | -0.92 |
Gold prices in Egypt typically follow international trends, as well as movements in the U.S. dollar exchange rate and domestic supply and demand.
(1 United States dollar = 47.3171 Egyptian pounds)
Attribution: Amwal Al Ghad English