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Today, Friday, gold prices in Egypt saw a significant drop, hitting nearly 15 pounds.
The price of a gram of 21-karat gold, which is the best-selling gold in Egypt, was around 775 pounds yesterday, down from 790 pounds yesterday, while it was registering 782 pounds today.
The price of a gram of 18 karat gold fell to 662 pounds from 677 pounds, and the price of a 24 karat gram fell to about 888 pounds from 903 pounds, and the gold pound fell 120 pounds to reach 6200 pounds.
This drop is the lowest level reached by gold in 5 months, according to what was published by the Egyptian newspaper “Al-Shorouk”.
Globally, gold prices fell, today, Friday, to their lowest in a week, and are heading for the second consecutive weekly and monthly decline, with US Treasury yields supporting better economic outlook and concerns about inflation.
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