Gold Prices in Egypt Rise Slightly by 0.15%

Gold prices in Egypt experienced a slight increase of 0.15%, with the 21-karat gold, the most traded in the Egyptian market, now priced at EGP 6,775 per gram, marking an increase of EGP 10 from yesterday's price. Similarly, 18-karat gold rose to EGP 5,807 per gram, an increase of EGP 9, while 24-karat gold reached EGP 7,743 per gram, up by EGP 11.

According to 'Bakam' data analysis, the market shows a noticeable balance with stability in fluctuations, as the technical indicators for 21-karat gold record stable prices, indicating a calm and balanced market.

Meanwhile, the dollar price in the Egyptian market remains stable at EGP 52.59 for sale, with no change from the previous day, keeping the foreign currency impact on gold prices limited.

Gold prices are influenced by various factors, including the dollar rate and local and global economic conditions. This slight increase comes amid relatively stable global markets. Gold remains a preferred investment option amid financial market volatility.