Gold prices in local markets saw relative stability during Monday's trading, while gold prices on the global stock exchange rose as markets anticipate the U.S. inflation data set to be released next Wednesday, which may provide clues about the timing of the anticipated interest rate cuts.
Saeed Imbaby, executive director of the “iSagha” platform for gold and jewelry online trading, said that gold prices are stable in the local markets during today’s trading, as a gram of 21 karat gold recorded EGP 3470, while an ounce rose to $2443.
He added that a gram of 24-karat gold recorded EGP 3966, a gram of 18-karat gold recorded about EGP 2974, a gram of 14-karat gold recorded about EGP 2314 and a pound of gold recorded about EGP 27760.
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