Gold prices in Egyptian markets dropped recently, with the price of a 21-karat gram, the most popular in Cairo, hitting about 776 Egyptian pounds ($49.45), compared to 794 Egyptian pounds (about $50.60) at the end of July.
An 18-karat gram is sold at about 665 Egyptian pounds ($42.40), and a 24-karat gram at about 887 Egyptian pounds ($56.50). A sovereign of gold — equivalent to 8 grams — is now sold at 6,208 Egyptian pounds ($395.60), after dropping by 144 Egyptian pounds ($9.20) since the beginning of August.
