Saturday Update: Gold Holds Firm in Egypt, 21K at EGP 4,880
Gold prices opened stable in Egypt’s local markets on Saturday, reflecting the global trend after recent U.S. economic decisions, including the Federal Reserve’s move to cut interest rates and developments in U.S. employment data.
Gold Prices by Carat
18-karat: EGP 4,182 per gram
21-karat: EGP 4,880 per gram
24-karat: EGP 5,577 per gram
Gold Sovereign (8 grams): EGP 39,040
Gold Bullion Prices
2.5 grams: EGP 14,128
5 grams: EGP 28,131
10 grams: EGP 56,243
31 grams: EGP 174,791
50 grams: EGP 281,310
100 grams: EGP 562,430
Bullion Processing Costs in Egypt
According to the Gold and Jewelry Division, processing and hallmarking fees vary by weight:
1 gram: EGP 75–85
2.5 grams: EGP 66
5–10 grams: EGP 60
20 grams: EGP 56
Experts expect gold prices in Egypt to maintain stability in the near term, with only minor fluctuations, as global market conditions and currency movements remain relatively steady.