According to the latest updates from the Gold Division of the Federation of Chambers of Commerce, here are the gold prices in Egypt today:
24-Karat gold: 5,371 EGP/gram
21-Karat gold: 4,700 EGP/gram
18-Karat gold: 4,028 EGP/gram
Gold Pound: 37,600 EGP
The price of gold in international markets reached approximately
$3,371 per ounce. This rise is supported by continued investor concerns over
increasing US debt and a decline in demand for treasury bonds, which boosts the
appeal of safe-haven assets, with gold at the forefront.
Experts believe that the local stability is due to a balance between supply and demand in the markets. Meanwhile, global prices are poised for further upward movement if economic tensions persist or if new decisions are made by global central banks.