Shaimaa Hefzy

A quick report that includes the most important economic news in Egypt, updated several times throughout the day.

gold prices

The selling price of 21-karat gold, the most popular type of gold used in jewelry, was recorded at EGP 4,645 per gram, while the price of 18-karat gold—which has been in high demand in Egypt recently due to its low price and weight in jewelry—reached around EGP 3,981 per gram, according to data from an online gold price platform.

21 and 18 karat are used in gold jewelry sold in gold shops.

The price of 24-karat gold, used in gold bullion and typically purchased as an investment, was recorded at around EGP 5,309 per gram.

Dollar prices

The official dollar exchange rate recorded approximately 49.4 pounds for buying and 49.5 pounds for selling, according to data from local banks.

On the parallel market, the average price was around 49.54 pounds for buying and 50.39 pounds for selling, according to traders and mobile applications.

(Prepared by: Shaimaa Hefzy, for communication: zawya.arabic@lseg.com)

#Quick Analysis

To subscribe to our weekly report, which includes economic and political news developments, register here.