By: Islam Fadl
Cairo – Mubasher: Egypt’s gold prices have fallen sharply on Monday by EGP 8 per gram, as compared with last Friday, secretary of the gold division at the Federation of Egyptian Chambers of Commerce (FEDCOC) said.
Prices of the precious metal have declined as the US dollar’s exchange rate fell against the Egyptian pound, as well as the global prices of gold dropped by $1 to $1,302 per ounce, Nady Naguib added.
He noted that the price of 21-karat gold stood at EGP 640 per gram on Monday, versus EGP 648 last Friday.
Moreover, the price of 18-karat gold slumped to EGP 539 yesterday, versus EGP 547 last Friday, while the 24-karat’s price per gram reached EGP 720 from EGP 728.
Translated by: Mai Ezz El-Din
