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Gold Prices Decline in the Egyptian Market: Detailed Price Analysis and Forecasts

The Egyptian market witnessed a new decline in gold prices during trading on Wednesday, August 2, 2023. This decline affected various gold karat, from the highest karat to the lowest, which raised many questions about the reasons for these changes in prices and their impact on the market.

Price details in the goldsmith’s shop

24 karat gold price:

The price of 24 karat gold was recorded at 2462.75 pounds for sale, and 2451.5 pounds for purchase.

22 karat gold price:

The price of 22 carat gold was about 2257.5 pounds for sale, and 2247.25 pounds for purchase.

21 karat gold price:

It is the most popular and most traded caliber in Egypt. The gold price recorded 2155 pounds for sale, and 2145 pounds for purchase.

18 karat gold price:

The price of 18 karat gold was recorded at 1847.25 pounds for sale, and 1838.5 pounds for purchase.

14 karat gold price:

The price of 14 karat gold reached 1436.75 pounds for sale, and 1430 pounds for purchase.

The price of the gold pound:

The price of the gold pound recorded about 17,240 for sale, and 17,160 pounds for purchase.

analysis and forecasts

These price changes come within the framework of fluctuations in the global gold market, which directly affect the local market in Egypt. Experts expect this decline to continue in the coming days, taking into account local and global economic factors.

2023-08-02 21:25:38
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