We publish the latest update in Gold price in Egypt Today, Tuesday, which is witnessing remarkable stability so far in the local market at 770 pounds per gram of 21 karat, which is the best-selling in Egypt, and scientifically, the price of an ounce of gold has stabilized at 1757 dollars.
Gold price today in Egypt:
21 carat records 770 pounds.
Carat 18 records 660.25 pounds.
24 karat records 880.75 pounds.
The gold pound is 6160 pounds.
The dollar index stopped rising, which caused the gold index to rebound temporarily in some trading sessions yesterday evening, but expectations that the Reserve Board will begin a gradual reduction of stimulus this year will keep the US currency at its highest levels in a year, which reduces the attractiveness of gold to holders.
Precious metals market analysts emphasized that the central bank’s cut in stimulus and interest rate increases would push government bond yields higher, raising the opportunity cost of holding non-yielding gold.
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