Egypt's gold market experienced a significant surge on Friday, September 25, 2026, with 21-carat gold prices increasing by 15 pounds per gram. According to the General Federation of Gold in the Egyptian Chamber of Commerce, the buying price for 21-carat gold reached 6240 pounds, while the selling price stood at 6220 pounds per gram. These prices do not include the value of craftsmanship and stamping, which vary by region and seller.
The price increase affected various gold carats, with 24-carat gold, considered the purest, reaching 7126 pounds for buying and 7103 pounds for selling. Meanwhile, 18-carat gold, popular for jewelry in urban areas, was priced at 5344 pounds for buying and 5327 pounds for selling. The prices of other carats also saw changes, with 14-carat gold priced at 4157 pounds for buying and 4143 pounds for selling.
The surge in gold prices also impacted the gold pound, which weighs 8 grams of 21-carat gold. Its buying price reached 49,880 pounds, influenced by the recent increase in gram prices. Globally, the ounce of gold saw a notable recovery, trading around 4291 dollars during Friday's transactions. This increase was driven by higher demand for safe-haven assets.
Financial market experts believe that gold is currently undergoing a phase of rebalancing and consolidation above key support levels. They expect the upward trend to continue in the medium term, especially with central banks worldwide moving towards lowering interest rates and ongoing geopolitical fluctuations. These factors enhance gold's appeal as a primary hedging tool.
In Egypt, the trajectory of gold prices is influenced by three main factors: global ounce movements, the stability of the Egyptian pound's exchange rate, and local demand for gold bars and coins. The Gold Division, according to recent statements, anticipates continued fluctuation between rises and relative stability in the coming period.
The Gold Division advises investors to consider deferred purchases and long-term investments to minimize risks associated with short-term price fluctuations. This strategy can help investors navigate the market's volatility and make informed decisions about their investments.
The price movements in Egypt's gold market reflect broader trends in the global economy and investor sentiment. As the market continues to respond to various factors, including changes in interest rates and geopolitical events, investors and consumers will be closely watching gold prices.
Key points
- Egypt's 21-carat gold price reached 6240 pounds for buying and 6220 pounds for selling per gram on Friday, September 25, 2026.
- Global gold prices saw a recovery, with the ounce trading around 4291 dollars during Friday's transactions.
- Financial experts expect the upward trend in gold prices to continue in the medium term due to various economic and geopolitical factors.
