Gold Prices in Egypt Stable at EGP 6,790 for 21K

Gold prices in Egypt are witnessing notable stability today, with no changes recorded in various carat prices compared to yesterday. According to Bkam data, the price of 21K gold remains steady at EGP 6,790 per gram, while 18K gold is stable at EGP 5,820 per gram. Meanwhile, 24K gold holds its ground at EGP 7,760 per gram.

This stability comes amid technical indicators that suggest a balanced market with a low volatility rate of 0.0%. The seven-day moving average equals the fourteen-day moving average, indicating market stability and no significant price fluctuations.

On the international front, the price per ounce for 21K is approximately USD 4,044.79, while 24K is priced at USD 4,622.62 per ounce. The 18K gold ounce is priced at USD 3,466.96. The market's steadiness supports investor confidence locally, especially with the US dollar price remaining stable at EGP 52.58 for sale.

It remains crucial to keep an eye on market developments in the coming days to anticipate any potential changes that might impact gold prices locally and globally.