Gold prices in Egypt remained stable on Friday, September 15, 2023, according to the Egyptian Gold and Jewelry Association.
Gold
The price of 24-karat gold, the highest-purity type of gold, was LE 2,502.75 per gram for sale and LE 2,491.5 for purchase. The price of 21-karat gold, the most popular type of gold in Egypt, was LE 2,190 per gram for sale and LE 2,180 for purchase.
The stability of gold prices comes as the price of gold has been volatile in recent months. The price of gold has been on the rise in 2023, as investors have sought out safe-haven assets amid global economic uncertainty. However, the price of gold has pulled back in recent weeks, as investors have become more optimistic about the global economy.
| Purity | Sell price (EGP) | Buy price (EGP) |
|---|---|---|
| 24 K | 2502.75 | 2491.5 |
| 22 K | 2294.25 | 2283.75 |
| 21 K | 2190 | 2180 |
| 18 K | 1877.25 | 1868.5 |
| 14 K | 1460 | 1453.25 |
| 12 K | 1251.5 | 1245.75 |
| 9 K | 938.5 | 934.25 |
| Egyptian pound gold | 17520 | 17440 |
