Cairo, Egypt – September 18, 2023 – Gold prices in Egypt remained stable on Monday, September 18, 2023, after rising in the previous session. The price of 21-karat gold, the most popular grade in Egypt, was unchanged at EGP 2,185 per ounce.
The price of a gold sovereign remained unchanged at EGP 17,480 per ounce.
Analysts attributed the stability in gold prices to the ongoing uncertainty in the global economy, which has led to increased demand for safe-haven assets such as gold.