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A factual recap of Egypt's licensed gold and currency market. What moved through the week, and the best licensed place to buy or sell.
Published
Closed the week at 6,242.92 EGP a gram, down 0.91% from 6,300. Best place to sell: Goldady.
Weak weekBetter than 5% of the last 19 days.
To buy, the best licensed rate was Gold Bullion EG, at 6,270 EGP a gram.
Good weekCheaper than 90% of the last 19 days.
Closed the week at 7,169.88 EGP a gram, down 0.83% from 7,229.66. Best place to sell: Gold Net Trading (GNT).
Weak weekBetter than 15% of the last 20 days.
To buy, the best licensed rate was Gold Bullion EG, at 7,166 EGP a gram.
Good weekCheaper than 90% of the last 20 days.
Closed the week at 51.31 EGP, up 0.81% from 50.9. Best place to sell: Abu Dhabi Islamic Bank (ADIB).
Good weekBetter than 95% of the last 20 days.
To buy, the best licensed rate was MID Bank, at 50.27 EGP.
Ordinary weekCheaper than 25% of the last 20 days.
Closed the week at 59.64 EGP, up 1.15% from 58.96. Best place to sell: Abu Dhabi Islamic Bank (ADIB).
Good weekThe highest it has been in the last 20 days.
To buy, the best licensed rate was MID Bank, at 58.84 EGP.
Mixed weekCheaper than 20% of the last 20 days.
Gold 21K closed the week at 6,242.92 EGP a gram, down 0.91% from 6,300.
Goldady gave the best licensed rate to sell 21 karat gold. Daleelak ranks licensed sellers only and never transacts.
The US dollar closed the week at 51.31 EGP, up 0.81% from 50.9.
Figures are the week's closing values.