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
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