Gold prices remained stable in Egypt on Thursday, September 14, 2023, at the same level as they opened in the morning.
The price of 21-karat gold was unchanged at EGP 2,200 per gram for sale and EGP 2,190 per gram for purchase. The price of an ounce of gold was also unchanged at USD 1,907 per ounce for sale and USD 1,906 per ounce for purchase.
The stability in gold prices comes as investors continue to assess the risks to the global economy, including the war in Ukraine, rising inflation, and interest rate hikes. Gold is seen as a safe haven asset during times of uncertainty, so investors may be hesitant to make any major moves in the market.
Some analysts believe that gold prices could continue to rise in the coming months, as investors seek to protect their wealth from the risks to the global economy.
| Purity | Sell price (EGP) | Buy price (EGP) |
|---|---|---|
| 24K | 2514.25 | 2502.75 |
| 22K | 2304.75 | 2294.25 |
| 21K | 2200 | 2190 |
| 18K | 1885.75 | 1877.25 |
| 14K | 1466.75 | 1460 |
| 12K | 1257.25 | 1251.5 |
| 9K | 942.75 | 938.5 |
| Egyptian pound gold | 17600 | 17520 |
| Ounce of gold | 1907 | 1906 |
