Sunday 29/June/2025 – 12:37 PM
Gold prices recorded a remarkable decline in local markets during last week’s trading, a decrease of about 4%, with a decline in the demand after a trade agreement between Washington and Beijing, and according to the report of the “i -saga” platform, the price of the ounce globally decreased by 2.8% during the same period.
The price of a gram of 21 carat gold
Said Imbabi, Executive Director of the AI platform for gold and jewelry trading via the Internet, said that gold prices in local markets fell at a value of 190 pounds during last week’s trading, as the gram of 21 carat gold opened transactions at the level of 4800 pounds, and concluded transactions at the level of 4610 pounds, while the ounce of 95 dollars fell, as the transactions opened at the level of 3369 dollars, and concluded trading at a level 3274 dollars.
Gold prices today in Egypt
He added that the gram of 24 carat gold recorded 5269 pounds, and 18 caliber reached 3951 pounds, while 14 carat reached 3074 pounds, and the gold pound recorded 36880 pounds.
Gold prices in local markets fell at a value of 15 pounds during trading yesterday, as the gram of 21 carat gold opened trading at the level of 4625 pounds, and concluded transactions at the level of 4610 pounds, coinciding with the weekly holiday for the global stock exchange.
Imbabi explained that gold prices fell despite the availability of conditions that are usually supportive of them, such as the weakness of the dollar and the increasing expectations to reduce interest rates, but these factors were not sufficient in front of a wave of new investment trends that prompted investors towards high returns.
