USD Stable, Gold Prices Slightly Up in Egypt

The Egyptian markets today witnessed a stability in the US dollar's price, remaining at 52.59 EGP for selling and 51.85 EGP for buying, according to Bkam data. Meanwhile, gold prices saw a slight increase of 0.15%, with 18-karat gold priced at 5,807 EGP per gram, 21-karat gold at 6,775 EGP per gram, and 24-karat gold at 7,743 EGP per gram.

Technical analysis of 21-karat gold, which stabilized at 6,765 EGP, indicates a balanced market with low volatility at 0.0%, suggesting a calm market environment.

On the other hand, silver was priced at 132 EGP per gram, reflecting stability in other precious metals' prices.

Regarding other currencies, the Saudi Riyal remained stable at 14.02 EGP for selling and 13.83 EGP for buying, while the Kuwaiti Dinar was at 170.07 EGP for selling and 167.71 EGP for buying. The Euro was priced at 61.3 EGP for selling and 60.45 EGP for buying, and the British Pound at 70.72 EGP for selling and 69.73 EGP for buying.

These figures reflect a state of stability in the currency and precious metals market in Egypt, contributing to a stable economic environment for both investors and consumers.