Egypt Gold Prices Fall for Second Week as 21-Carat Holds Steady on Saturday

Gold prices in Egypt declined for a second consecutive week, weighed down by subdued pricing activity in the local market and a broader drop in gold prices.

On Saturday, 21-carat gold held steady. The supplied figures did not include a price per gram or indicate how much the metal had lost over the week.

The latest weekly decline extended the local market’s downward run, even as the Saturday update pointed to stability in 21-carat prices.

The brief attributed the weakness to local pricing conditions against a backdrop of falling gold prices, without providing further details on the scale of the decline.