Gold Prices Stabilize, 21-Karat at EGP 2010

Gold prices stabilized in the local markets during trading today, Wednesday, with a decline in price of ounces on the global stock exchange.

This came in light of the confusion in prices on the global stock market, amid a state of lack of vision ahead of the US Federal Reserve’s decision on interest rates during the next meeting.

Saeed Imbaby, executive director of the “iSagha” platform for gold and jewelry online trading, said that gold prices witnessed a state of stability in the local markets during today’s trading, as a gram of 21 karat gold recorded EGP 2010 while an ounce recorded $1895.

He added that a gram of 24 karat gold recorded EGP 2526, a gram of 18 karat gold recorded about EGP 1894, a gram of 14 karat gold recorded about EGP 1474, and a pound of gold recorded about EGP 17680.