Gold prices decrease on Wednesday in Egyptian and global markets

Gold prices decrease on Wednesday in Egyptian and global markets

Gold prices decreased in the Egyptian market on Wednesday, with the price of 24-karat gold reaching LE897 per gram.

Each type of gold decreased by 15 to 20 pounds, after a rise was recorded on Tuesday due in part to Valentine's Day.

18-karat gold decreased to LE672 per gram, and 21-karat gold dropped to LE785.

Gold prices in the global market continue to decline since peaking on February 10 at US$1,855.82 per ounce. The global price per ounce on Wednesday was recorded at US$1,786.43.

Edited translation from Al-Masry Al-Youm