Gold Prices in Egypt Open Tuesday with Mixed Moves: Local Rise, Global Decline

Gold prices in Egypt began trading Tuesday after a local price increase on Monday, while global prices fell sharply.

• The price of 21‑karat gold, the most traded in Egypt, rose by 50 Egyptian pounds on Monday compared to Sunday’s close.
• At Tuesday’s opening, 21‑karat gold traded at 5,850 pounds per gram, with 24‑karat at 6,685.71 pounds and 18‑karat at 5,014.29 pounds.
• The gold pound, equivalent to eight grams of 21‑karat gold, stood at 46,800 pounds at Tuesday’s opening.
• Globally, gold dropped 2.58% to approximately $4,013 per ounce, according to Bloomberg data.