Gold Prices in Egypt Remain Stable Amid Market Fluctuations

Gold prices in Egypt continue to show relative stability today, with the price of 21 carat gold standing at 6325 EGP per gram, according to Bakam data. This stability comes amid global market fluctuations, with the international ounce price for 21 carat at approximately 3861.67 USD. The 21 carat is the most traded and used in the Egyptian market.

For 24 carat gold, the price per gram reached 7228.5 EGP, while the international ounce price for this carat is 4413.29 USD. Known for its high purity, 24 carat gold is extensively used in jewelry and bullion.

As for 18 carat gold, which is less pure, the price per gram stabilized at 5421.5 EGP, with the international ounce price recorded at 3310.04 USD. This carat is commonly used in jewelry making due to its flexibility and ease of shaping.

Current conditions suggest that local gold prices are still moderately influenced by global changes, with expectations for continued stability in the near future, unless significant international market shifts occur that directly impact prices.