On Monday, gold prices in Egypt witnessed a decline following a rise in the dollar's value, which had previously led to notable gains in the gold market. The price of gold in the spot market fell by 0.4%, settling at approximately $5020.10 per ounce after it had risen by 2.5% in the prior session. Similarly, silver prices also dropped by 0.6% to $76.92 per ounce following a 3% increase last Friday. In Egypt, the most commonly traded gold, 21-carat gold, was recorded at 6700 Egyptian pounds per gram. Other gold prices included 24-carat at 7657 pounds, 22-carat at 7019 pounds, and 18-carat at 5743 pounds. These figures exclude manufacturing costs, stamp duty, and taxes, which are important considerations for buyers in the local market. This fluctuation in gold prices is significant for consumers and investors alike, as it reflects broader economic trends influenced by the dollar's strength. The recent shift could impact buying patterns among locals who are sensitive to price changes in precious commodities. As Egypt's economy faces challenges, monitoring such fluctuations becomes essential for understanding market behavior and investing strategies.