Gold Market Brief: Sunday Closing Rates for Retail and Scrap Gold in Egypt
The Egyptian gold sector closed Sunday's trading session with steady retail and scrap metrics. The benchmark 21-Karat Gold Sovereign (8 Grams, Raw Value) wrapped up the day at EGP 51,720, excluding processing fees, duties, and stamps.
Below is a detailed breakdown of the market prices per gram at closing:
Gold Purity (Karat)New Retail Price (EGP)Scrap Buying Price (EGP)
24-KaratEGP 7,154EGP 7,097
21-KaratEGP 6,260EGP 6,210
18-KaratEGP 5,365EGP 5,322
14-KaratEGP 4,173EGP 4,140