Marketwatch: The gold pound coin price exceeds EGP 30,000 on Wednesday

Ahram Online , Wednesday 24 Jan 2024

Gold prices broke all records on Wednesday with the gold pound coin exceeding EGP 30,000 for the first time.

Gold pound coins.
Gold pound coins.


The Egyptian Exchange (EGX) indices ended in the green territory today, shrugging off yesterday's decline.

Stock market

The EGX30 index grew by 0.29 percent, settling at 27,666 points.

The EGX70 index increased by 1.33 percent, ending at nearly 6,584 points, and the EGX100 index rose by 1.11 percent, closing at 9,320 points.

Market cap gained around EGP 8 billion to end at EGP 1,971 billion.

Ismailia National Food Industries was the best performer in the market on Wednesday, jumping 19.99 percent to end at EGP 79.77.

The worst performer today was AJWA for Food Industries company Egypt, which dropped 14.45 percent to close at EGP 64.89.

Gold purchase prices

The purchase price of 24-carat gold surged EGP 143 to reach EGP 4,343 per gram on Wednesday, compared to Tuesday's prices.

The 21-carat gold price rose by EGP 125 to hit EGP 3,800 per gram, and the 18-carat gold price grew by EGP 107, recording EGP 3,257 per gram.

The gold pound reached EGP 30,400 for purchase, EGP 800 higher than on Tuesday.

*Prices reflect updates recorded as of midday.


The official EGP/USD exchange rate remained at EGP 30.8272 for buying and EGP 30.9586 for selling.

The euro is valued at EGP 33.5708 for purchase and EGP 33.7263 for sale.

The Saudi riyal is priced at EGP 8.2199 for buying and EGP 8.2554 for selling.

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

Short link: