Market Watch: Gold continues decline on Tuesday, EGX 30 up 0.92 percent

Ahram Online , Tuesday 13 Jun 2023

Gold prices continued on Tuesday its downward trajectory, while Egyptian Stock Exchange had mixed results, with EGX30 rising 0.92 percent.

Jewellery store in Egypt. Ahram Gate.


Gold prices

The price of 24-carat gold declined by EGP 11.5 on Tuesday to reach EGP 2,617.25 per gram.

The price of 21-carat gold decreased by EGP 10 to EGP 2,290.

The price of 18-carat gold was down by EGP 8.5 to EGP 1,962.75 per gram.

The price of a gold pound declined on Tuesday by EGP 80 to EGP 18,320.

*Prices reflect updates recorded by midday. 

Stock market 

EGX30 rose 0.92 percent and closed at 17,866.81 points.

EGX70 declined by 1.31 percent and closed at 3,531.8 points.

EGX100 dropped by 0.63 percent to 5,244.51 points.

The market cap ended on Tuesday at EGP 1.168 trillion.

The top gainer was Misr Fertilizers Production Company - Mopco, rising 20 percent and closing at EGP 246.55.

The top loser was Al Arafa For Investment And Consultancies, falling by 6.49 percent and closing at EGP 0.072.


The official market's buying price for the dollar is EGP 30.84, and the selling price is around EGP 30.94, with no major fluctuations.

The euro rose slightly to near EGP 33.29 for buying and around EGP 33.4 for selling.

The Saudi riyal's buying price stands at EGP 8.22, and the selling price at EGP 8.25.

*Sources: The Central Bank of Egypt's official exchange rates, the Egyptian Stock Exchange, and iSagha.

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