Gold Prices Stabilize in Egyptian Market Today, Thursday, November 12
Gold prices in Egypt remained steady during Thursday's trading session, following a period of price volatility observed at the close of Wednesday's market.
The price of 24-karat gold reached 7,017 Egyptian pounds per gram, while 21-karat gold was recorded at 6,140 Egyptian pounds per gram.
The gold pound coin was valued at 49,120 Egyptian pounds during today's trading.
This stability follows a trading session that experienced price fluctuations at the end of Wednesday.
Local gold prices are influenced by the movement of gold ounces in global stock exchanges.
Market participants are also closely monitoring the US dollar exchange rate, which has a direct impact on the pricing of various gold carats.
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