On Tuesday, gold prices dipped in the local market, although the price of the ounce (31.1g) fell slightly globally.
According to Eid Youssef, chairman of the Menoufia Chamber of Commerce’s Gold and Jewelery Division, gold prices declined EGP 7 in today’s trading compared to yesterday, with the ounce hitting $1,913, while the 21K reached EGP 973 per gramme.
According to Youssef, the 24K recorded EGP 1,112, while the 18K recorded EGP 834. The 8g gold coin (22 carat) reached an all-time high of EGP 7,784.