Market watch: Gold prices in Egypt continue to decline on Tuesday; EGX vary in performance

Ahram Online , Tuesday 20 Jun 2023

The gold is still losing big chunks of its previous gains that endured until May, with the golden pound losing EGP 800 of its value in two days. The stock market saw mixed performance on Tuesday.

Two women in front of a Jewellery store in Cairo. Ahram Gate.
Two women in front of a Jewellery store in Cairo. Ahram Gate.


Gold prices

The price of 24-carat gold declined by EGP 57.25 to EGP 2,428.5 per gram.

The 21-carat gold price decreased by EGP 50 to reach EGP 2,125 per gram.

The per-gram price of 18-carat gold lost EGP 42.75 to stand at EGP 1,821.5 per gram.

The gold pound also lost EGP 400 of its value, reaching EGP 17,000.

*Prices reflect updates recorded by midday.

Stock market


EGX30 inched edged lower by 0.37 percent to end at 17,921.92 points.

EGX70 surged by 2.05 percent to 3627.73 points.

EGX100 gained 1.47 percent to close at 5351.8 points.

The market cap decreased by around EGP 3 billion to end at around EGP 1.178 trillion.

Top gainer was Copper For Commercial Investment & Real Estate Development, which surged by 20 percent to a value of EGP 19.38.

Top loser was Medical Packaging Company, which dropped 14.69 percent, closing at EGP 0.639.


The official exchange rate for the dollar is relatively stable at EGP 30.83 for purchase and  EGP 30.96 for sale.

The euro dipped slightly on Tuesday to nearly EGP 33.66 for buying and stabilized at EGP 33.8 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.

Short link: