Gold Holds Steady in Egypt as Gram Price Reaches EGP 7,000 Before Making Charges

Gold prices in Egypt were stable today, holding at the levels recorded at the close of yesterday’s trading.

The price of a gram reached EGP 7,000 before making charges, although the available information did not specify which gold purity that figure represented.

The quoted rate excludes the fees added for making gold jewellery, so it does not necessarily reflect the final price paid by shoppers.

Attention remains on movements in global gold prices and the dollar’s exchange rate against the Egyptian pound, both key factors in the local market.

For now, domestic prices show no change from the previous close, with those international and currency movements in focus for the market’s next direction.