Gold Prices in Egypt Hold Steady in Early Trading During Market Holiday

Gold prices in Egypt were stable in early morning trading during a market holiday, despite a sharp decline in the metal’s value on global markets last week.

The steady local prices contrasted with the international downturn, which saw gold fall on a per-ounce basis.

That global decline had not translated into a fresh drop in Egyptian prices at the start of the morning, according to the available update.

No specific prices for gold in Egypt or the international ounce were provided, leaving the scale of the gap between local and global movements unclear.