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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 6,320 EGP a gram, up 0.8% from 6,270. Best place to sell: eDahab.
Ordinary weekBetter than 77% of the last 68 days.
To buy, the best licensed rate was Gold Bullion EG, at 6,275 EGP a gram.
Ordinary weekCheaper than 38% of the last 68 days.
Closed the week at 7,223 EGP a gram, up 0.8% from 7,166. Best place to sell: eDahab.
Ordinary weekBetter than 71% of the last 69 days.
To buy, the best licensed rate was Gold Bullion EG, at 7,171 EGP a gram.
Ordinary weekCheaper than 39% of the last 69 days.
Closed the week at 56.09 EGP, up 0.47% from 55.83. Best place to sell: Abu Dhabi Islamic Bank (ADIB).
Good weekBetter than 96% of the last 69 days.
To buy, the best licensed rate was Faisal Islamic Bank, at 56.04 EGP.
Weak weekCheaper than 4% of the last 69 days.
Closed the week at 62.45 EGP, steady near 62.43. Best place to sell: Abu Dhabi Islamic Bank (ADIB).
Good weekBetter than 96% of the last 69 days.
To buy, the best licensed rate was Faisal Islamic Bank, at 62.54 EGP.
Weak weekCheaper than 4% of the last 69 days.
Gold 21K closed the week at 6,320 EGP a gram, up 0.8% from 6,270.
eDahab 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 56.09 EGP, up 0.47% from 55.83.
Figures are the week's closing values.