This stability comes amid global gold movements, as the precious metal managed to close above the $3,430 per ounce resistance level last week. This gives it an opportunity to test the key psychological level of $3,500 per ounce in the coming period.
Gold prices today:
24-karat: 5,485 EGP per gram
21-karat: 4,800 EGP per gram
18-karat: 4,114 EGP per gram
Gold pound: 38,400 EGP
Gold is seen as a hedge against economic uncertainty and
inflation, bolstering its status as a safe haven for investors.
Gold prices in Egypt fluctuate constantly throughout the
day, with swings of 15 to 20 pounds up or down, influenced by developments on
the global stock exchange as well as local supply and demand factors.
The listed prices do not include craftsmanship, tax, or stamping fees and are subject to change around the clock depending on global spot gold price fluctuations.