Gold and Currency Prices Stable in Egyptian Market

The Egyptian markets are witnessing noticeable stability in gold and currency prices, with the price of 21K gold reaching approximately EGP 6000 per gram. This comes amid the international ounce stabilizing at USD 3635.57, directly affecting local prices.

As for 24K gold, it recorded EGP 6857.25 per gram, while the international ounce price was USD 4155.0. For 18K gold, its price reached EGP 5142.75 per gram with an international ounce price of USD 3116.14.

On the currency front, the US dollar is stable at EGP 50.97 for purchase and EGP 51.69 for sale. The Saudi Riyal is also stable at EGP 13.59 for purchase and EGP 13.78 for sale. Meanwhile, the Kuwaiti Dinar is priced at EGP 164.55 for purchase and EGP 166.87 for sale.

Additionally, the Euro recorded EGP 58.0 for purchase and EGP 58.82 for sale, while the British Pound reached EGP 67.9 for purchase and EGP 68.86 for sale. The Qatari Riyal continues at EGP 14.0 for purchase and EGP 14.2 for sale.

Data from 'Bakam' indicates that the stability of these prices is due to the balance of global and local economic factors, reflecting a relative stability in the Egyptian market during the current period.