Gold prices in Egypt hike by EGP 7 per gram, 21-carat gold at 872

Gold prices in Egypt today jumped by 7 Egyptian pounds ($0.44) per gram as global gold prices continue increasing.

Spot gold was little changed at $1,956.81 per ounce. Prices hit an all-time of $1,980.57 on Tuesday before retreating after investors booked profits and the dollar regained some ground.

Ehab Wasfy, deputy head of the gold division at the Cairo Chamber of Commerce told Amwal Al Ghad on Wednesday that the price of 21-carat gold, the most popular in the local market, rose to around 872 Egyptian pounds

The 18-carat gold also inched higher to around 747.4 pounds, Wasfy said.

The table below demonstrates the prices of gold in Egypt in Egyptian pounds (EGP) on Wedneday July 26, 2020:

Carat Price
24-carat 996.55  pounds
21-carat 872 pounds
18-carat 747.4 pounds
Gold pound 6976 pounds
Gold ounce $1957