(MENAFN- Youm7) Gold prices stabilized after the last increase in the global stock market closure last Friday.
The price of a gram of gold settled in the local market to 289 EGP (U.S. $48.12) for 21 carat gram, 247.70 EGP (U.S. $41.24) for an 18 carat gram, and 329 EGP (U.S. $54.78) for a 24 carat gram.
Salah Abdel Hady, the head of gold and jewelries section of the Cairo Chamber, said markets would wander and follow gold prices during the runoff for the first phase of elections, especially after some shop owners decided to close their shops, out of fear of the current unrest.
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