Gold Prices in Egypt Remain Stable Despite Global Fluctuations

Gold prices in Egypt have shown remarkable stability today, with 21k gold, the most traded, priced at EGP 6295 per gram, according to 'Bkam' data. This stability comes despite fluctuations in international markets, where the international ounce for 21k stands at USD 3844.86.

For 24k gold, the price is EGP 7194.25 per gram, while its international ounce is priced at USD 4394.1. 24k gold is highly demanded due to its high purity.

Meanwhile, 18k gold is priced at EGP 5395.75 per gram, with the international ounce for 18k at USD 3295.62. This reflects the moderate demand for this type, widely used in jewelry making.

Despite these stable local prices, global market fluctuations remain a significant factor affecting the Egyptian market, especially with changes in dollar prices and the global economy. Therefore, keeping track of gold prices remains crucial for both investors and consumers.