Gold Prices Stabilized in Local Market, 21-karat records EGP 771

The local gold market experienced a status of stability on Saturday due to stability in the prices of gold ounces in the global exchange markets.p

The main reason for that was stabilizing the prices of the ounces in the global markets that traded at 1777$.after gold achieved its second weekly gain in a row, supported by the decline in US Treasury revenues and the weakness of the dollar.

Amir Rizk, a member of the Gold Division in the Cairo Chamber of Commerce, said that gold prices witnessed a sense of stability in the local market following stable prices of the gold ounces internationally.

Therefore, 24-karat recorded 881, 21-karat reached EGP771, 18-karat was traded at EGP661, and the gold pound recorded EGP6168.