The notable increase in local gold prices came despite the gradual decline of the US dollar against the Egyptian pound, reflecting the direct influence of global gold prices on domestic market pricing during this period.
Gold Prices in Egypt Today:
24 karat: EGP 6,965 per gram
21 karat: EGP 6,090 per gram
18 karat: EGP 5,224 per gram
Gold Pound: EGP 48,760
Globally, gold continued to record strong gains, supported
by rising geopolitical tensions and ongoing uncertainty in financial markets.
Persistent concerns over the global economic outlook in 2026 also prompted
investors to increase their holdings in safe haven assets, with gold at the
forefront.
Analysts expect these factors to keep gold prices elevated
in the coming period, particularly as markets await decisions from major
central banks, including the US Federal Reserve, on monetary policy and
interest rates, which have a direct impact on global gold movements.