Gold prices in Egypt record EGP 4690 for 21-karat

Businessmen Team economy 21 July 2025 10:30 PM

Gold prices in Egypt remained relatively stable during trading on Monday July 21 2025 amid global market movements and fluctuations in the local dollar exchange rate. The price of 21 karat gold the most commonly traded in Egypt stood at approximately EGP 4690 per gram excluding workmanship as citizens and investors closely monitored daily price movements. The local market continues to be directly influenced by international gold prices inflation trends and US interest rate changes

Gold prices in Egypt on Monday:

• 24 karat: EGP 5360

• 21 karat: EGP 4690

• 18 karat: EGP 4020

• 14 karat: EGP 3126

• Gold coin: EGP 37520

Reasons behind gold price changes in Egypt daily fluctuations of up to EGP 20:

Gold prices in Egypt have been experiencing daily fluctuations ranging between EGP 15 and EGP 20 both upward and downward. These movements are driven by rapid changes in global gold markets along with local supply and demand dynamics. Analysts expect this volatility to persist as investors await decisions on global interest rates and developments in key US economic indicators.

It is important to note that the listed prices do not include workmanship fees taxes or stamp duty which vary from one retailer to another and may raise the final purchase price by 5 to 10 percent. Buyers are advised to monitor prices carefully to determine the most suitable time for purchase or long term investment.

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