Gold Prices Stabilize, 21-Karat at EGP 3625

Gold prices in the local markets remained stable during Thursday's trading, with the global ounce stabilizing on the stock exchange.

This came amid anticipation of the release of economic data later today, to obtain indications about the monetary policy of the US Federal Reserve, after the chances of ending the tightening cycle decreased.

Saeed Imbaby, executive director of the “iSagha” platform for gold and jewelry online trading, said that gold prices stabilized in the local markets during today’s trading, as a gram of 21 karat gold recorded EGP 3625, while an ounce rose to $1995.

He added that a gram of 24 karat gold recorded EGP 4143, a gram of 18 karat gold recorded about EGP 3107, a gram of 14 karat gold recorded about EGP 2417, and a pound of gold recorded about EGP 29000.