Gold prices in Egypt decline EGP 23 per gram on Tuesday

Gold prices in Egypt today dived 23 Egyptian pounds ($1.44) per gram on global gold declining prices as traders book profits

Ehab Wasfy, deputy head of the gold division at the Cairo Chamber of Commerce told Amwal Al Ghad on Tuesday that the price of 21-carat gold, the most popular in the local market, declined to around 887 Egyptian pounds

The 18-carat gold also sees lower prices  to around 760.25 pounds, Wasfy said.

The table below demonstrates the prices of gold in Egypt in Egyptian pounds (EGP) on Tuesday August 11, 2020:

Carat Price
24-carat 1013.70 pounds
21-carat 887 pounds
18-carat 760.25 pounds
Gold pound 7096 pounds
Gold ounce $1986