Gold prices stable, 21-karat at EGP 777

Gold prices have stabilized in local markets during today’s trading, amid a slight increase in the ounce of gold price in the global stock exchange and a drop in dollar price as the US Federal Reserve decided to keep interest rates low in the near future, despite adopting a brighter view of the economic recovery.

Amr El-Laqany, Vice chairman of the Gold Division at the Cairo Chamber of Commerce,, said that gold prices stabilized in the local market, 21-karat recorded EGP 777 , while the gold ounce price in the global stock exchange recorded 1770 dollars.

He expected gold prices to rise during the coming period in the light of US President Joe Biden's plan for a comprehensive package of 1.8 trillion dollars for families and education,

He added that 24-karat recorded EGP 888 , and 18 –carat is at EGP 667, while the gold pound recorded EGP 6216.