Egypt's gold market experienced a relatively stable start to the week on Monday, September 21, 2026. According to the Egyptian Radio and Television Union, the price of gold showed minimal fluctuations in the local market. The stability comes amid expectations that global interest rate changes and inflation indicators will influence Egypt's gold prices. Market participants are closely monitoring the global gold market and the Egyptian pound's performance against the US dollar.
As of the latest update from the Gold and Jewelry Division of the Egyptian Federation of Chambers of Commerce, the price of 21-karat gold, the most popular gold type in Egypt, stood at 6,385 pounds per gram for sale and 6,335 pounds per gram for purchase. The price of 24-karat gold was 7,297 pounds per gram for sale and 7,240 pounds per gram for purchase. These prices reflect a stable market condition, with minimal changes from previous days.
The prices of other gold types also remained steady. Eighteen-karat gold was priced at 5,472 pounds per gram for sale and 5,430 pounds per gram for purchase. Fourteen-karat gold was available at 4,230 pounds per gram for sale and 4,250 pounds per gram for purchase. The gold market's stability is significant, as it indicates a balanced supply and demand dynamic in the local market.
The price of the gold pound, which weighs 8 grams of 21-karat gold, was 51,080 pounds for sale and 50,680 pounds for purchase. These prices do not include additional costs such as manufacturing, taxes, or stamp duty. The stability of gold prices in Egypt is closely watched by investors and consumers, as it impacts their purchasing decisions.
Globally, gold prices are influenced by various factors, including interest rate changes, inflation, and currency fluctuations. The recent surge in US diesel prices, which exceeded $6.50 per gallon, and the Chinese yuan's rise to its highest level in over three years against the US dollar, are examples of such factors. These global trends can have a ripple effect on gold prices in Egypt and other countries.
Egypt's economic indicators and global market trends will continue to play a crucial role in shaping the gold market. The Egyptian government's policies, including those related to interest rates and the management of the national economy, can influence gold prices. Moreover, global events, such as changes in oil prices and currency exchange rates, will also impact the gold market.
In related news, Egypt's water resources are primarily dependent on external sources, with over 98% of the country's renewable water resources coming from outside its borders. This highlights the importance of managing the country's resources effectively and diversifying its economy. The stability of gold prices and the overall economic condition will be crucial in determining Egypt's economic trajectory.
Key points
- Egypt's gold prices remain stable at the start of the week.
- The price of 21-karat gold stands at 6,385 pounds per gram for sale.
- Global economic trends and interest rate changes are expected to influence Egypt's gold prices.
