Gold prices in the local market fell during Thursday's trading compared with their levels at the start of the session, following the Central Bank of Egypt's decision to raise interest rates by 1%, as traders watched the decision's impact on the yellow metal.

24-Karat Gold Price per Gram

A gram of 24-karat gold was priced at about EGP 7,265 for selling and EGP 7,215 for buying.

21-Karat Gold Price per Gram

A gram of 21-karat gold was priced at about EGP 6,355 for selling and EGP 6,315 for buying, compared with morning levels.

18-Karat Gold Price per Gram

A gram of 18-karat gold was priced at about EGP 5,445 for selling and EGP 5,415 for buying.

14-Karat Gold Price per Gram

A gram of 14-karat gold was priced at about EGP 4,235 for selling and EGP 4,210 for buying.

Gold Pound Price

The gold pound was priced at about EGP 50,840 for selling and EGP 50,520 for buying.

Gold Ounce Price

In the local market, an ounce of gold was priced at about EGP 225,900 for selling and EGP 224,480 for buying, while the global ounce stood at about USD 4,024.31.

The Central Bank of Egypt's Decision

The Central Bank of Egypt decided to raise interest rates by 1% as part of its monetary policy decisions, amid anticipation of the impact on local markets, including the gold market.