Gold prices in Egypt fell on Monday, with all major purities declining 0.55 per cent amid softer demand and moves in global bullion markets, according to official local pricing platforms.
As of 16:31 local time (14:31 GMT), 24-carat gold was quoted at 6,205.75 Egyptian pounds per gram, down from 6,240 pounds on 16 November.
Prices across other purities recorded similar declines:
| Metal | 17 November (EGP) | 16 November (EGP) | Change (EGP) | Change % |
| 24-carat | 6205.75 | 6240 | -34.25 | -0.55 |
| 21-carat | 5430 | 5460 | -30.00 | -0.55 |
| 18-carat | 4654.25 | 4680 | -25.75 | -0.55 |
| 14-carat | 3620 | 3640 | -20.00 | -0.55 |
| Gold Pound | 43440 | 43680 | -240.00 | -0.55 |
Local gold prices in Egypt typically move in line with global spot prices, the Egyptian pound’s exchange rate, and seasonal shifts in jewellery demand.
(1 US dollar = 47.1886 Egyptian pounds)
Attribution: Amwal Al Ghad English