Gold prices in Egypt hike by EGP 15 per gram, 21-carat gold at 915

Gold prices globally has topped $2,000 (£1,527) an ounce for the first time as traders look for havens amid the pandemic.

Gold prices in Egypt today jumped by 15 Egyptian pounds ($94) per gram; the price of 21-carat gold, the most popular in the local market, rose to around 910 Egyptian pounds for the first time in history.

Gold prices globally has topped $2,000 (£1,527) an ounce for the first time as traders look for havens amid the pandemic.

The one gram of of 24-carat gold registered EGP 1045.7, a new record high, said Ehab Wassef, the deputy head of the gold division of the Cairo Chamber of Commerce said.

The table below demonstrates the prices of gold in Egypt in Egyptian pounds (EGP) on Wednesday August 5, 2020:

Carat Price
24-carat 1045.7 pounds
21-carat 915 pounds
18-carat 784.25 pounds
Gold pound 7320 pounds
Gold ounce $2041