Gold Prices Drop in Egypt Following Global Market Pullback

Gold Prices Drop in Egypt Following Global Market Pullback

Gold prices in Egypt declined over the weekend, tracking a global pullback after a sharp correction in international markets at the end of last week, according to iSagha, a gold pricing platform. The price of 21-carat gold, the local benchmark, fell by around EGP 80 (USD 1.7) on Saturday, 31 January, to EGP 6,670 (USD 141.43) per gram, according to data reported by iSagha. Over the course of the week, prices showed wide swings, opening at EGP 7,…

Gold Prices Crash Globally, Record 10% Drop Shocks Markets

SINGAPORE: Gold prices witnessed a sharp fall in the international market on Tuesday, marking one of the biggest declines in recent history. According to market reports, the price of gold dropped by nearly 10% per ounce during trading. Gold fell by around $458 per ounce, bringing it down to nearly $4,435 per ounce. Analysts also noted that in just a few days, gold has become cheaper by almost $1,000 per ounce, raising concerns among investors an…