Gold prices in Egypt steady on October 6
Gold prices today in Egypt steadied on Tuesday as the price of 21-carat gold, the most popular in the local market, neared 833 Egyptian pounds ($52.98).
The global prices of the yellow metal inched higher on Tuesday to $1,913.76 per ounce backed by growing expectations that U.S. lawmakers would agree on new stimulus legislation to ease the economic impact of the coronavirus, bolstering the metal’s appeal as a hedge against inflation.
According to data compiled by Amwal Al Ghad, the table below demonstrates the prices of gold in Egypt in Egyptian pounds (EGP) on Tuesday, October 06, 2020:
| Carat | Price |
| 24-carat | 952 pounds |
| 21-carat | 833 pounds |
| 18-carat | 714 pounds |
| Gold pound | 6,664 pounds |
| Gold ounce | $1,906 |
