On Tuesday, September 22, 2026, gold prices experienced a limited decline at the start of global stock market transactions. The ounce lost approximately $5, adding to the previous day's loss of $35. This occurred after an initial increase in trading. The global ounce rate stood at $4,339, having opened near the previous closing rate of $4,343. It fluctuated between $4,376 and $4,335. Market attention is focused on developments in geopolitical events and economic indicators, alongside oil prices.
In the local Egyptian market, gold prices remained at previous levels, with no updates reported at the time of this report. This stability follows the reflection of the global ounce's decline on the local market the previous day. The gram lost around 60 Egyptian pounds. The most sought-after gold type, 21-carat, was trading between 6,320 and 6,330 pounds, with an average difference of 30 pounds between buying and selling prices.
The current gold prices in Egypt, excluding manufacturing costs, are as follows: 24-carat gold is approximately 7,223 pounds per gram, 21-carat gold is around 6,320 pounds per gram, 18-carat gold is about 5,417 pounds per gram, and 14-carat gold is roughly 4,213 pounds per gram. The gold pound is valued at 50,560 pounds.
The manufacturing cost of gold ranges between 3% and 7% of the gram's price, potentially increasing or decreasing based on the type of gold product, the effort involved in its production, and the manufacturing company. The cost varies depending on the gold type and product. For instance, 18-carat gold products may have higher manufacturing costs compared to 24-carat gold, which is commonly used for gold bars and typically has lower production costs.
It is essential to note that the provided prices are indicative and subject to change based on global market fluctuations, dollar exchange rates, and supply and demand levels. Last week, gold prices achieved gains, with the global ounce increasing by $29 and the gram rising by 120 pounds.
Market participants are advised to consider these factors when making investment decisions. The gold market remains influenced by various global and local factors, including economic indicators, geopolitical events, and changes in oil prices.
The Egyptian market continues to monitor these developments, which may impact gold prices in the coming days. For now, the prices remain stable, reflecting the previous day's adjustments.
Key points
- Gold prices declined on Tuesday, September 22, 2026, with the global ounce rate decreasing to $4,339.
- Local Egyptian gold prices remained stable, with 21-carat gold trading between 6,320 and 6,330 pounds.
- The manufacturing cost of gold ranges between 3% and 7% of the gram's price, varying based on the type of gold product and production effort.
