The year began with 21 karat gold, the most widely traded locally, priced at EGP 5,865 per gram. Within the first five days, the price rose to EGP 5,995 per gram on January 6. Over the following five days, gains were very limited, with prices reaching EGP 6,040 per gram.
During the following week, prices resumed their upward
movement, rising by EGP 115 to record EGP 6,155 per gram for 21 karat gold. The
next day saw a faster pace of increase, with prices climbing to EGP 6,240 per
gram, reflecting a rapid response to gains in global markets. Within just two
days, prices rose by nearly EGP 300 per gram, reaching EGP 6,525.
The next day marked the first decline in the price of 21
karat gold, although the drop was limited. Prices eased to EGP 6,470 per gram
amid optimism about a potential pullback.
Prices rebounded the following day, surging to EGP 6,600 per
gram in a sudden and unexpected jump of more than EGP 100 in a single day.
On January 24, prices continued to rise, reaching EGP 6,680
per gram. After a very limited decline in gold prices yesterday, prices rose
again this morning, with 21 karat gold recording EGP 6,800 per gram, signaling
a clear move toward the EGP 7,000 level.