Gold prices in Egypt rose during morning trading on Friday, November 13, 2026, by approximately EGP 15. This increase brought the price of 21-carat gold, the most popular and widely traded in the local market, to around EGP 5,975. The rise in Egypt's gold prices coincided with a global increase in gold prices, as the ounce rose by USD 22 to nearly USD 3,980.
The recent increase in gold prices in Egypt follows a significant drop in prices during the previous day's trading, where prices fell by EGP 135. This drop was influenced by a sharp decline in global gold prices. However, with the current increase, gold prices in Egypt seem to be recovering. The prices of different gold carats in Egypt during morning trading were as follows: 24-carat gold at EGP 6,829, 18-carat gold at EGP 5,121, 14-carat gold at EGP 3,983, and the gold pound at EGP 47,800.
These prices are indicative and do not include the value of craftsmanship, stamp duty, and tax, which may vary from one trader to another and from one region to another. The fluctuation in gold prices in Egypt is closely linked to the performance of gold in global markets, as well as the movement of the dollar against the Egyptian pound and the level of demand for gold jewelry and bars.
Globally, gold prices rose by USD 22 during trading, approaching the level of USD 3,980 per ounce. This increase comes after a wave of strong declines in global markets during the previous day. Market participants are waiting to see how gold prices will move in the coming hours, given the continued volatility and the impact of global economic changes, dollar movements, and expected interest rates from major central banks.
The rise in gold prices in Egypt during morning trading on Friday comes as a response to the decline that occurred during the previous day. Gold gram prices lost around EGP 135 during the previous day's trading due to the sharp decline in global gold prices. This situation reflects the continued volatility in the gold market, with local prices closely tied to the performance of gold globally.
Market participants and investors are monitoring the movement of gold prices globally and locally, taking into account the economic changes and their impact on gold. The performance of the dollar against the Egyptian pound and the level of demand for gold in the local market will also play a role in determining future prices.
Gold prices in Egypt are expected to remain linked to global market trends during today's trading. Investors and market participants are watching to see if the ounce can continue to recover and maintain its gains after the losses incurred during the previous session. The situation remains volatile, reflecting the complex interplay of local and global economic factors affecting gold prices.
Key points
- Gold prices in Egypt rose by EGP 15, led by 21-carat gold at EGP 5,975 per gram.
- Global gold prices increased by USD 22, approaching USD 3,980 per ounce.
- The fluctuation in gold prices in Egypt is closely linked to global market performance and local economic conditions.
