Gold prices dropped globally on Monday, September 21, 2026, in early trading on the global stock exchange. The ounce lost over $10, reducing last week's gains of $29. Markets are currently waiting for geopolitical developments and economic data, as well as oil prices. The gold ounce was recorded at $4,365 in spot transactions on the global stock exchange, compared to its previous level of $4,378.
The decline in gold prices resulted in a loss of $13 per ounce at the start of the session, with prices fluctuating between $4,359 and $4,383 per ounce. Meanwhile, in Egypt, gold prices remained stable and did not reflect the global decline, as the local market operates after 10 am. The price of 21-carat gold, the most in-demand in the Egyptian market, was around 6,380 pounds per gram, without including the manufacturing cost.
The average difference between the buying and selling prices of gold was around 50 pounds. The prices of gold in Egypt, without adding the manufacturing cost, were as follows: 24-carat gold was recorded at 7,291 pounds per gram, 21-carat gold at 6,380 pounds per gram, 18-carat gold at 5,468 pounds per gram, and 14-carat gold at 4,253 pounds per gram.
The price of a gold pound was 51,040 pounds, and the global price of an ounce of gold was around $4,365. The manufacturing cost of gold ranges between 3% and 7% of the gram price, and this percentage may increase or decrease depending on the type of jewelry, the effort required to manufacture it, and the company or workshop producing it.
The manufacturing cost varies depending on the type of gold and the type of jewelry; 18-carat gold jewelry may have a higher manufacturing cost compared to other types, while 24-carat gold is widely used in making gold bars and usually has a lower manufacturing cost. These prices are indicative and may change based on global market movements, dollar prices, and supply and demand levels.
It is worth noting that gold prices achieved gains at the end of last week's trading, with an increase of $29 per ounce globally, and a rise of 120 pounds per gram in Egypt. The fluctuations in gold prices are being monitored by investors and those interested in the gold market, as they are affected by various economic and geopolitical factors.
The Egyptian market is awaiting further developments in the gold market, especially with regard to global economic data and geopolitical events that may affect gold prices. Investors are advised to follow up on market developments and make informed decisions based on current data and market analysis.
Key points
- Gold prices declined globally by over $10 per ounce in early trading on Monday.
- The price of 21-carat gold in Egypt was around 6,380 pounds per gram, without including the manufacturing cost.
- The manufacturing cost of gold ranges between 3% and 7% of the gram price, depending on the type of jewelry and other factors.
