On September 20, 2026, the Egyptian precious metals market witnessed updates in silver and gold prices. According to Gold Bullion, a specialized institution in precious metals, the prices of different silver denominations were revised on both local and global scales. The updates reflect changes in market dynamics and consumer interest. These revisions impact various sectors, including jewelry, investment, and industry. The prices of silver and gold are crucial indicators of economic trends.
Locally, the price of silver varied across different purities. The price of 999 Swiss silver per gram was recorded at 108 pounds for purchase and 104 pounds for sale. Egyptian 999 silver was priced at 106 pounds for purchase and 102 pounds for sale per gram. Furthermore, 925 silver was available at 100 pounds for purchase and 96.4 pounds for sale per gram. The price of 800 silver per gram stood at 86.5 pounds for purchase and 83.5 pounds for sale.
In the global market, the price of silver was also updated. An ounce of silver was priced at 66.03 dollars for purchase and 65.8 dollars for sale on September 20, 2026. These global prices influence local market trends and are affected by international demand and supply dynamics. The fluctuation in global silver prices can impact Egypt's import costs and local pricing strategies.
Alongside silver, gold prices in Egypt also saw updates on September 20, 2026. According to the Gold Bullion and the Egyptian Gold Division, the price of 24-karat gold per gram, excluding manufacturing costs, was 7291 pounds for purchase and 7257 pounds for sale. The 21-karat gold, a popular choice for jewelry, was priced at 6380 pounds for purchase and 6350 pounds for sale per gram.
The prices of other gold denominations were also revised. The 18-karat gold per gram was available at 5469 pounds for purchase and 5443 pounds for sale. These updates reflect changes in global gold prices and local market conditions. The gold market in Egypt is significant, with many investors and consumers relying on it for investment and jewelry.
In addition to gram prices, the price of a gold pound, which is equivalent to 8 grams of 21-karat gold, was updated. It was priced at 51040 pounds for purchase and 50800 pounds for sale. This pricing is crucial for investors and consumers looking for larger quantities of gold. The gold pound is a popular investment option due to its liquidity and perceived value.
The continuous updates in silver and gold prices reflect the dynamic nature of the precious metals market. These changes can be attributed to various factors, including global economic trends, supply and demand dynamics, and local market conditions. Consumers and investors in Egypt are advised to monitor these prices closely to make informed decisions.
Key points
- The price of 999 Swiss silver per gram was 108 pounds for purchase and 104 pounds for sale on September 20, 2026.
- The global price of an ounce of silver was 66.03 dollars for purchase and 65.8 dollars for sale.
- The price of 24-karat gold per gram, excluding manufacturing costs, was 7291 pounds for purchase and 7257 pounds for sale.
