Although gold prices fell in the past two weeks by LE12, it did not revive the market, which prompted goldsmiths to reduce the weights of the articles in order to encourage sales.
Yet the price of gold rose in Asia after a decline of 1 percent.
Nadi Naguib of the Chamber of Commerce said the price per gram of the 21 carat gold fell to LE277, compared to LE288 two weeks ago.
Edited translation from Al-Masry Al-Youm
