As of Thursday, April 27, 2023, the latest prices for gold and gold bars in Egypt have been released by the Egyptian gold market. These prices do not include any manufacturing costs and are as follows:

Gold Prices Today:

•    24K gold is trading at EGP 2,914
•    21K gold is trading at EGP 2,550
•    18K gold is trading at EGP 2,186
•    Gold Pound is trading at EGP 20,400
•    Gold Ounce is trading at $2,004

Gold Bar Prices Today:

•    A 2.5-gram gold bar is priced at EGP 7,258
•    A 5-gram gold bar is priced at EGP 14,570
•    A 10-gram gold bar is priced at EGP 29,140
•    A 20-gram gold bar is priced at EGP 58,280
•    A 31.1-gram gold bar is priced at EGP 90,625
•    A 50-gram gold bar is priced at EGP 145,700
•    A 100-gram gold bar is priced at EGP 291,400

According to the technical report by Gold Billion, volatility dominates the performance of the gold markets amidst failed attempts since the beginning of the week to return to trading above $2,000 per ounce.

This comes amid market attempts to gain clarity about the future of US monetary policy amidst anticipation for economic data to be released this week.

Gold prices are trading within a narrow range as spot gold prices move up to $1,999.60 per ounce, registering a 0.1% increase as of the writing of this report. This comes after gold rose 0.4% yesterday.

This week, gold trading has been limited below the psychological level of $2,000 per ounce, in the absence of statements from Federal Reserve officials after the start of the bank's media blackout this week ahead of its upcoming meeting next week.

Despite the global volatility, the gold market in Egypt remains stable, with gold prices maintaining their steady pace. The steady performance of the gold market is seen as a positive indicator for the Egyptian economy, which is gradually recovering from the pandemic.