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Gold price in Egypt today 21k at 6,450 pounds
Gold prices in Egypt today remain stable at high levels, with 21-karat gold reaching approximately 6,450 Egyptian pounds per gram. This is due to a 4.4% rise in global gold prices, which reached a three-month high of $4,524 per ounce. The stability in prices is attributed to the influence of global gold movements and the USD exchange rate, which has remained high near 51 pounds, limiting the decline of gold prices in the Egyptian market. The 6,300-pound level is considered a key technical support, while 6,400 pounds acts as a major resistance. The outlook suggests that price movements will continue to depend on the performance of the ounce, dollar transactions, and inflation trends.
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