Gold prices in Egypt record EGP 4,690 for 21-karat

Businessmen Team economy 09 July 2025 09:46 PM

Gold prices in Egypt remained relatively stable on Wednesday, July 9, 2025, following fluctuations in the local market over the past few days, as investors awaited potential movements in global markets. Today's prices are largely influenced by global economic developments, particularly interest rates and inflation, which play a key role in shaping local gold price trends.

Gold Prices in Egypt on Wednesday:

24-karat gold: EGP 5,280\gram

21-karat gold (most popular): EGP 4,620\ gram

18-karat gold: EGP 3,960\gram

Gold pound: EGP 36,960

These prices do not include making charges or stamp duty and may vary between gold retailers depending on location and type of jewelry.

Gold Prices Influenced by Multiple Factors

Gold prices in Egypt fluctuate throughout the day due to various factors, most notably movements in global gold markets, the exchange rate of the US dollar against the Egyptian pound, and supply and demand conditions in the local market.

Globally, the price of gold has stabilized near $3,340 per ounce after consecutive gains in recent sessions, driven by a weaker US dollar and increased demand for safe-haven assets.

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