The General Division of Gold and Gold Works of the General Federation of Chambers of Commerce, headed by Eng. Hani Milad, announced a drop in gold prices in Egypt by 3 pounds, down to 21 karat, which is the best seller in Egypt, to 995 pounds.
Gold prices today
21 caliber: 995 pounds
24 caliber: 1137 pounds
18 caliber: 853 pounds
The gold pound is 7960 pounds
An ounce: $1,840
Engineer Hani Gayed, Head of the Gold Division, said that the global gold markets are now awaiting the announcement of US interest rates, which have a significant impact on gold trading and the volume of demand for the yellow metal, which of course affects the movement of gold in the Egyptian market.
He pointed out, in exclusive statements for the seventh day, that the drop in gold prices in Egypt below 1000 pounds per gram for the first time since last March 21 is an indication of the decline in speculation on the dollar, and the same is related to supply and demand factors.