Egypt's gold market experienced a decline in prices on Sunday, September 27, 2026. According to the Egyptian General Federation of Gold and Jewellery, the price of 21-carat gold dropped by 10 EGP. This decrease occurred during the weekly jewellery market holiday, when global gold prices remained stable. The updated prices were released by the federation, providing insights into the current market trends.
The updated prices for different carat weights of gold in Egypt are as follows: 24-carat gold is priced at 7,120 EGP, while 21-carat gold costs 6,230 EGP. Additionally, 18-carat gold is available at 5,340 EGP. These prices are exclusive of manufacturing costs and taxes, which may vary depending on the region and province. The federation emphasized that actual prices may differ slightly across different areas.
The price of a gold pound in Egypt is currently set at 49,840 EGP. Meanwhile, the global gold price is steady, with an ounce priced at 4,286 USD. The Egyptian General Federation of Gold and Jewellery provides regular updates on market prices, taking into account fluctuations in global rates and local market conditions.
When purchasing gold in Egypt, buyers should be aware of the manufacturing costs and taxes associated with their purchase. These additional costs typically range between 50 and 200 EGP per gram, depending on the design and store. It is recommended that buyers compare prices across different jewellery stores and clarify the manufacturing and tax costs before making a purchase.
The Egyptian General Federation of Gold and Jewellery also provides information on the prices of gold bars. On September 27, 2026, the prices for gold bars of different weights are as follows: a 1-gram bar costs 7,120 EGP, while a 2.5-gram bar is priced at 17,800 EGP. Furthermore, 5-gram, 10-gram, 20-gram, and 50-gram bars are available at 35,600 EGP, 71,200 EGP, 142,400 EGP, and 356,000 EGP, respectively.
Market experts advise buyers to exercise caution and thoroughly research the market before making a purchase. Comparing prices across different stores and understanding the additional costs involved can help buyers make informed decisions. Moreover, gold bars tend to have lower manufacturing costs compared to intricately designed gold pieces.
The decline in gold prices on September 27, 2026, presents an opportunity for buyers to invest in gold. However, it is essential to stay updated on market trends and fluctuations in global gold prices. The Egyptian General Federation of Gold and Jewellery continues to provide updates on market prices, enabling buyers to make informed decisions.
Key points
- Egypt's 21-carat gold price drops by 10 EGP on September 27, 2026.
- The current price of 24-carat gold in Egypt is 7,120 EGP.
- Buyers are advised to compare prices and understand additional costs before purchasing gold.
