Egyptian Gold Prices Decline as International Ounce Trades Near $4,165
Gold prices in Egypt moved lower on October 12, led by decreases in major benchmarks including 24-karat and 21-karat gold. On the international market, the buying price for an ounce of gold reached $4,165.4, while the selling price stood at $4,164.9. In the domestic market, 24-karat gold dropped to EGP 7,078.7 for purchase and EGP 6,981.21 for sale.
The popular 21-karat gold also dipped, trading at EGP 6,194.48 for buying and EGP 6,109.17 for selling. Meanwhile, gold coins reached EGP 49,555.84 for purchase and EGP 48,873.36 for sale. Bucking the broader downward movement, 18-karat gold posted gains, rising to EGP 5,309.55 for buying and EGP 5,236.43 for selling.
Precious metal valuations in local markets remain sensitive to international commodity rates and foreign currency dynamics. Market participants will continue monitoring global benchmark movements and local currency values for cues on future price adjustments across different karat classifications.
Key points
- International gold traded at $4,165.4 per ounce for buying and $4,164.9 per ounce for selling.
- Domestic 24-karat gold dropped to EGP 7,078.7 for purchase and EGP 6,981.21 for sale.
- The 21-karat gold price fell to EGP 6,194.48 for buying and EGP 6,109.17 for selling.
- The price of 18-karat gold bucked the trend, rising to EGP 5,309.55 for purchase.
- Gold coins reached EGP 49,555.84 for buying and EGP 48,873.36 for selling.
Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org
How we writeDisclaimerQuestions and answers
What was the price of 21-karat gold in Egypt on October 12?
On October 12, 21-karat gold in Egypt fell to EGP 6,194.48 for buying and EGP 6,109.17 for selling.
Did all gold karats fall in Egypt?
No, while 24-karat and 21-karat gold declined, 18-karat gold rose to EGP 5,309.55 for purchase and EGP 5,236.43 for sale.
How much was a gold coin selling for in Egypt?
A gold coin was priced at EGP 49,555.84 for buying and EGP 48,873.36 for selling on October 12.