Gold Prices Steady in Egypt Amid Market Calm

Gold prices in Egypt remained steady today, with the 24K gold gram price at 7,760 EGP, unchanged from yesterday, according to 'Bkam'. The 21K gold gram price also stabilized at 6,790 EGP, while the 18K gold gram price was 5,820 EGP.

In the currency market, the US dollar was stable at 52.59 EGP for selling and 51.86 EGP for buying, with a slight change of 0.04%. The Saudi Riyal remained at 14.02 EGP for selling and 13.83 EGP for buying, while the Kuwaiti Dinar was priced at 170.27 EGP for selling.

Technical analysis indicates that the gold market is experiencing a balanced state with low volatility, reflecting calm markets currently. This stability is underlined by technical indicators that suggest a balanced market for 21K gold, with the current price at 6,790 EGP and close moving averages.

Other metals like silver remained steady at 132.00 EGP per gram, ensuring further stability in the market.

These figures come amid expectations that the market will remain calm in the coming days, given the stable surrounding economic factors and the lack of significant changes in global indicators.