Gold Prices Stable, Minor Fluctuation in USD

The Egyptian markets witnessed noticeable stability in gold and currency prices today. Gold 21k recorded a price of 6,775 EGP per gram, reflecting stability in prices, with no significant change from the previous day, according to Bakam data.

Gold 24k also remained stable at 7,743 EGP per gram, while gold 18k maintained its price at 5,807 EGP per gram. Technical analysis of gold 21k shows a balanced market with low volatility, indicating calm markets in the current period.

Regarding foreign currencies, the US dollar remained stable at 52.59 EGP for sale and 51.86 EGP for purchase, with a slight change not exceeding 0.02% compared to yesterday. Other currencies also remained stable, such as the Saudi Riyal at 14.02 EGP for sale and 13.83 EGP for purchase, and the Kuwaiti Dinar at 170.03 EGP for sale and 167.67 EGP for purchase.

Markets continue to monitor the effects of global and local economic factors on gold and currency prices, with expectations for continued stability in the near term, in the absence of significant changes in influencing factors.