Gold Prices Stabilize, 21-Karat at EGP 2200

Gold prices stabilized in the local markets during trading today, Wednesday.

This came in light of the confusion in prices on the global stock market, amid a state of lack of vision regarding 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 2200 while an ounce recorded 1927 dollars.

He added that a gram of 24 karat gold recorded 2514 pounds, a gram of 18 karat gold recorded about 1886 pounds, a gram of 14 karat gold recorded about 1467 pounds, and a pound of gold recorded about 17600 pounds.