On Monday, November 9, 2026, the price of 18-karat gold in Egypt remained stable at 5336 EGP per gram, according to Sawt Al-Umma. This stability comes after a week of significant fluctuations in the global gold market, which saw prices surge by over 5%. The Egyptian market has been experiencing a period of calm, with prices for various gold karats holding steady.
The current prices for gold in Egypt are as follows: 24-karat gold is priced at 7114 EGP per gram, while 21-karat gold, the most widely traded, stands at 6225 EGP per gram. The price of a gold pound has also been stable at 49800 EGP. These prices reflect a sense of equilibrium in the market, with buyers and sellers adapting to the recent global trends.
The stability of gold prices in Egypt can be attributed to the balance between supply and demand in the local market. Additionally, the global gold market's recent volatility has been influenced by economic and geopolitical developments, as well as fluctuations in the US dollar and interest rates. Market participants are now closely watching the global market's movements and their potential impact on local prices.
Despite the current stability, market experts are advising caution when purchasing gold. The Egyptian Jewelers and Precious Metals Association, led by Ihab Wasf, has warned against buying gold through unverified electronic applications and platforms. Instead, they recommend dealing with reputable dealers and ensuring that purchases are accompanied by official receipts and documentation.
The association's warnings highlight the importance of protecting consumers' rights and preventing potential scams. As the gold market continues to evolve, it is essential for buyers to be aware of the risks and take necessary precautions. By doing so, they can ensure a safe and secure transaction.
Looking ahead, market participants will be closely monitoring the global gold market's movements and their potential impact on local prices. The Egyptian market is expected to remain responsive to changes in the global market, as well as fluctuations in the exchange rate and interest rates.
In conclusion, the stability of gold prices in Egypt on Monday, November 9, 2026, reflects a sense of equilibrium in the market. While prices are expected to remain stable in the short term, market participants will continue to monitor global trends and their potential impact on local prices.
Key points
- 18-karat gold is priced at 5336 EGP per gram in Egypt.
- The Egyptian Jewelers and Precious Metals Association has warned against buying gold through unverified electronic applications and platforms.
- The global gold market saw significant fluctuations last week, with prices surging by over 5%.
Reporting sources
- Sawt Al-Umma · Sawt Al-Umma
