Gold Prices in Egypt Today Sunday: Noticeable Stability as 21 Karat Registers EGP 6,260 Amid Goldsmiths” Holiday
Local Market Conditions Amid the Weekly Holiday
Gold prices in Egypt witnessed complete stability during the early trades of Sunday, influenced by the weekly holiday of goldsmith shops which led to a temporary halt in buying and selling activity. These prices came as an extension of the closing levels recorded at the end of Saturday's trading, as dealers await the resumption of commercial activity next Monday.
Details of Gold Karats and the Gold Pound
Various gold karats recorded the following levels in the local market without manufacturing fees:
24 Karat: EGP 7,154.
22 Karat: EGP 6,558.
21 Karat (Most Demanded): EGP 6,260.
18 Karat: EGP 5,366.
14 Karat: EGP 4,173.
Gold Pound (8 grams of 21 Karat): EGP 50,080.
Markets Anticipate Global Trading
Externally, investors are awaiting the resumption of global stock exchange trading while monitoring ounce levels, which stabilized at $4,170. Anticipated international changes are expected to directly reflect on price movements in the Egyptian market with the start of the new week