Gold Prices in Egypt: Gold Coin Reaches 47,320 EGP as 21-Karat Trades at 5,915 EGP
Prior to the close of Sunday's trading, the price of the 21-karat gold coin (gold pound) reached 47,320 EGP in the Egyptian market. This figure represents the value of raw gold, excluding workmanship fees, taxes, or hallmarking duties. The standard Egyptian gold coin weighs exactly 8 grams of 21-karat gold.
Retail prices for new gold grams, recorded just before the market close, settled as follows:
24-Karat: 6,760 EGP
21-Karat: 5,915 EGP
18-Karat: 5,070 EGP
14-Karat: 3,943 EGP
Concurrently, the buyback prices for scrap and used gold (the rate at which shops purchase gold from customers) before Sunday's close were recorded at:
24-Karat Scrap: 6,691 EGP
21-Karat Scrap: 5,855 EGP
18-Karat Scrap: 5,018 EGP
14-Karat Scrap: 3,903 EGP