Today, gold and silver experienced a minor increase in their prices, reflecting a broader market trend influenced by a decline in US Treasury bond yields. In particular, gold rose by 0.3%, reaching $5,038.73 per ounce, while silver experienced a gain of 1%, priced at $81.49. This uptick in precious metal prices comes after a significant drop in silver of over 3% in the previous session.

In Egypt, the most commonly traded gold, known as 21-carat, is now priced at 6,720 Egyptian pounds per gram. Other gold variants also reflected price changes, with 24-carat gold costing 7,685 pounds, and 18-carat gold at 5,764 pounds per gram. The fluctuations in local gold prices are crucial for consumers and investors alike, who closely monitor these changes, especially in the context of the global market dynamics and local economic conditions.

This report draws from data sourced from Reuters and various online platforms, reflecting ongoing trends in the precious metals market. As consumers in Egypt adapt to these ever-changing prices, factors such as market demand, currency valuation, and international economic conditions will continue to shape the landscape of gold and silver trading in the region.