Egypt

Gold prices decrease in Egyptian and global markets

Gold prices in the global and Egyptian markets witnessed a decrease on Thursday.

A gram of 24-karat gold reached LE917, while a gram of 21-karat gold hit LE804, and 18-karat gold ended at LE685.

The price a pound of gold reached LE6,440.

Gold prices decreased by 0.3 percent in the global stock exchange, reaching US$1,837.13 per ounce after peaking on Wednesday.

US gold futures also fell 0.3 percent, landing at US$1,837.40.

Edited translation from Al-Masry Al-Youm

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