Gold price in Egypt hits its lowest level in a year

CAIRO - 18 July 2018: Gold prices went down at the end of Wednesday's trading recording their lowest level in a year affected by decreasing prices in the international market and an increase in the dollar exchange rate.

In statements on Wednesday, the deputy head of the gold division of the Cairo Chamber of Commerce, Ehab Wassef, said that the gold prices dropped about three pounds registering LE 614, 526.30 and 701.70 for one gram of 21, 18 and 24 carat gold respectively.