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Gold prices in the Egyptian market increased today by 20 pounds per gram, amid a rise in the global ounce price which exceeded $4,400. This came after the Egyptian pound's exchange rate stabilized at a level above 50 pounds, helping to reduce the price gap between the local and international markets. The price of 21-karat gold reached approximately 6,280 pounds per gram, as the market attempts to establish a new price base and narrow the price gap to around 20 pounds. It is expected that the future price of gold will be influenced by the decisions of the Central Bank of Egypt regarding interest rates, as well as movements in the price of the ounce, the dollar, and factors of supply and demand.
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