Global gold prices experienced a decline in trading on Tuesday, October 13, 2026, dropping by $6.61, or 0.16%, to reach $4165.16 per ounce. The daily trading range for gold was between $4150.98 and $4200.56. This recent drop is part of a larger trend, with gold experiencing a 1.33% annual growth, but a 12.15% decline over the past six months.
In Egypt, the prices of various gold types also saw a decline. The price of 24-karat gold was recorded at 7045 Egyptian Pounds per gram. For 21-karat gold, which is a popular choice, the price was 6165 Egyptian Pounds per gram, with the manufacturing cost ranging between 100 and 150 Egyptian Pounds. This brings the total cost for 21-karat gold to between 6265 and 6315 Egyptian Pounds per gram.
The price of 18-karat gold in Egypt was reported at approximately 5284 Egyptian Pounds per gram. Additionally, the price of a gold pound, which is equivalent to 8 grams of 21-karat gold, was recorded at 49320 Egyptian Pounds. These prices reflect the current market situation and may fluctuate based on various economic factors.
When examining the global gold market trends, it is evident that despite the recent decline, gold has shown resilience. Over the past three months, gold prices have increased by 4.09%. This indicates a potential for recovery and growth in the near future. Investors and market analysts are closely monitoring these trends to make informed decisions.
The decline in gold prices can be attributed to various market and economic factors. Global economic conditions, currency fluctuations, and changes in demand and supply are some of the key influences on gold prices. As the global economy continues to navigate through challenges, the prices of precious metals like gold are likely to experience fluctuations.
In Egypt, the manufacturing cost, also known as "mashroumiya," adds to the final price of gold items. This cost varies depending on the type of gold and the craftsmanship involved. For 21-karat gold, the manufacturing cost ranges between 100 and 150 Egyptian Pounds per gram, affecting the overall price consumers pay.
The current prices of gold in Egypt and globally are as follows: 24-karat gold at 7045 Egyptian Pounds per gram, 21-karat gold at 6165 Egyptian Pounds per gram, and 18-karat gold at 5284 Egyptian Pounds per gram. The gold pound is priced at 49320 Egyptian Pounds. These prices are subject to change based on market dynamics.
Key points
- Global gold prices dropped by 0.16% to $4165.16 per ounce on October 13, 2026.
- In Egypt, 21-karat gold is priced at 6165 Egyptian Pounds per gram, with a manufacturing cost of 100-150 Egyptian Pounds.
- Despite recent declines, gold has shown a 4.09% increase over the past three months globally.
