Egypt's gold market experienced stability in prices during early trading on Monday, September 28, 2026. According to the latest updates from the markets, the price of gold per gram for various carat weights remained unchanged. This stability comes as market participants await potential changes influenced by global gold prices and local economic factors. The most widely traded gold carat in Egypt is 21, which is extensively used in gold jewelry.
The price of gold per gram for the 24-carat category, known for its high purity, was recorded at 7130 Egyptian Pounds (EGP). This carat is particularly popular among investors in gold bars and high-purity jewelry. Its price is closely monitored due to its significance in the market for those seeking high-quality gold products. The 24-carat gold price can fluctuate based on global market trends and local demand.
For the 21-carat gold, which is the most popular and widely traded in Egypt, the price was listed at 6240 EGP per gram. This carat is favored for its balance between purity and affordability, making it a preferred choice for purchasing gold jewelry. The price of 21-carat gold is considered a key indicator of the gold market's performance in Egypt.
The 18-carat gold, known for its diverse range of jewelry and ornaments, was priced at 5350 EGP per gram. This category offers consumers a more affordable option compared to the 21 and 24 carats, while still providing a valuable gold product. The price of 18-carat gold reflects its demand and the overall market conditions.
The price of a gold pound, which is equivalent to 8 grams of 21-carat gold, was reported at 49,495 EGP. This pricing is significant for large-scale gold purchases and investments. The gold pound's price is directly influenced by the global gold price and the exchange rate between the Egyptian Pound and the US Dollar.
The direction of gold prices in Egypt is closely tied to the global gold market, particularly with the recent surge in global gold prices. Additionally, the fluctuation of the US Dollar against the Egyptian Pound plays a crucial role in determining local gold prices. Any significant movement in global gold prices or the exchange rate could lead to changes in Egypt's gold market.
Looking ahead, the Egyptian gold market is expected to be influenced by several factors, including the Federal Reserve's decisions, movements in the Dollar-Egyptian Pound exchange rate, and local supply and demand dynamics. These factors will likely determine the future trajectory of gold prices in Egypt, potentially leading to further adjustments in prices in response to global and local economic conditions.
Key points
- Egypt's gold market remains stable with 21-carat gold priced at 6240 EGP per gram.
- The 24-carat gold price is 7130 EGP per gram, appealing to those seeking high-purity gold.
- The local gold market is influenced by global gold prices and the Egyptian Pound-US Dollar exchange rate.
