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Gold prices today in Egypt fell as global prices of the yellow metal plunged by $11 to $1,489 per ounce amid fears over the economic impact of the coronavirus.
According to data compiled by Amwal Al Ghad on Monday, the price of 21-carat gold, the most popular in the local market, dropped to around 655,43 Egyptian pounds ($41.6), while 18-carat gold inched lower to 561.79 pounds.
The table below demonstrates the prices of gold in Egypt in Egyptian pounds (EGP) on Monday, March 23, 2020:
Carat | Price |
24-carat | 749.04 pounds |
22-carat | 686.63 pounds |
21-carat | 655.43 pounds |
18-carat | 561.79 pounds |
14-carat | 436.94 pounds |
Gold pound | 5,234 pounds |
Gold ounce | $1,489 |
Kilo of gold | 749,042 pounds |