Gold prices in Egypt ease after Friday rally, 21-karat gold at 6,130 pounds

21-karat gold eased to about 6,130 pounds per gram Sunday after rising Friday on weak US jobs data that trimmed Federal Reserve rate-hike expectations.

• Nadi Naguib, secretary general of Egypt's Gold Division, said domestic gold prices stabilized Sunday at 6,130 pounds per gram for 21-karat gold.
• Spot gold rose 1.1% Friday to $4,223.49 an ounce after weak US jobs data trimmed Fed rate-hike bets.
• The Assay and Weights Authority's August inspections confiscated 3,677 grams of gold and 6,885 grams of silver jewelry nationwide.
• Gold prices held steady at the open of Monday trading, with 21-carat at 6,130 pounds, 18-carat at 5,254 pounds, and the sovereign at 49,040 pounds.
• International gold slipped 0.15% to about $4,134 an ounce, according to Bloomberg data.
• 21-karat gold rose to about 6,140 pounds per gram during Monday trading, up 10 pounds from the morning open.
• International spot gold recovered 0.6% to about $4,164 an ounce, according to market data.
• Local gold moved back above its fair value after about two months of trading below it.