Gold Prices in Egypt Fall by 0.22% Amid Market Stability

Gold prices in Egypt have witnessed a noticeable decline of 0.22% compared to yesterday's prices. Today, the price of 24k gold is approximately 7,743 EGP per gram, marking a decrease of 17 EGP. Meanwhile, the price of 21k gold fell to 6,775 EGP per gram, showing a drop of 15 EGP. The 18k gold price stood at around 5,807 EGP per gram, with a decrease of 13 EGP.

According to 'Bkam' data, this decline occurs amid a stable Egyptian market with low volatility in gold prices. Technical indicators reveal a balanced market state, with minimal movement in prices. The technical analysis indicates that the 21k gold price is at 6,780 EGP, showing a noticeable balance between weekly price averages.

This decline in gold prices comes as the exchange rate of the US dollar remains relatively stable, with a selling price of 52.58 EGP, showing a slight increase of 0.02% from yesterday.

It is noteworthy that international precious metal prices have also experienced some changes. The international ounce price for 21k gold is approximately 4,041.81 USD, while 24k and 18k gold prices are 4,619.19 USD and 3,464.43 USD, respectively.