Gold Prices in Egypt Remain Stable Today
Gold prices in Egypt have shown notable stability today, with no changes compared to yesterday. According to Bakam data, the price of 24K gold remains at 7,274 EGP per gram, the same as the previous day with no variation.
The price of 21K gold, the most popular in the Egyptian market, remains stable at 6,365 EGP per gram. This stability reflects the current market balance, as technical indicators show the current price for 21K is close to the moving averages over 7 and 14 days, indicating a balanced market.
For 18K gold, the price remains at 5,456 EGP per gram, showing similar stability in the market.
These figures illustrate the equilibrium in the Egyptian market amid the stable dollar rate, with the USD selling price at 52.46 EGP.
This stability in gold prices comes at a time when investors are watching for potential changes in international or local markets that may affect prices in the coming days.