Gold prices in Egypt on Tuesday:
24 karat: EGP 5,314\gram
21 karat: EGP 4,650\gram
18 karat: EGP 3,986\gram
Gold pound: EGP 37,200
Recent movements reflect the stability of local gold prices,
closely tied to external factors—particularly inflation indicators and upcoming
decisions by the U.S. Federal Reserve. These elements impact the U.S. dollar
and bond yields, influencing investor demand for gold as a safe-haven asset.
While gold is traditionally considered a hedge against
inflation and economic uncertainty, its short-term price movements depend
largely on the balance between local and global demand, in addition to
real-time spot prices.
It’s worth noting that the listed prices do not include
manufacturing fees, taxes, or hallmarking charges, and may vary slightly across
regions depending on jewelry type and retail margins. Price fluctuations are
expected to remain within a narrow range of EGP 15–20, either up or down, throughout
the day based on global market developments.