On Sunday, October 11, 2026, gold prices in Egypt continued to rise, increasing by 35 EGP during the day's transactions in the local market. The 21-carat gold, which is the most popular in Egypt, reached 6190 EGP per gram. This increase comes as the US dollar showed a slight movement against the Egyptian pound, while global gold prices remained stable due to the international market's weekly holiday.
The rise in gold prices in Egypt is closely monitored by market participants, who are influenced by developments in the dollar's exchange rate, a key factor in pricing gold in the local market. Additionally, global price movements and supply and demand levels also play a significant role. The limited movement of the US dollar against the Egyptian pound supported local prices, as global gold prices remained steady at their previous closing levels.
In the local market, gold prices rose across various carats, with 21-carat gold leading the list of most traded items among consumers. The prices of different carats are as follows: 24-carat gold reached 7074 EGP per gram, 21-carat gold reached 6190 EGP per gram, 18-carat gold reached 5306 EGP per gram, and 14-carat gold reached 4127 EGP per gram.
These price levels reflect the increase in gold prices locally, with the gram price varying according to the purity of gold. Furthermore, manufacturing and stamping fees are added to the announced prices when purchasing gold jewelry from local markets.
The rise in gold prices in Egypt is linked to the slight movement in the US dollar against the Egyptian pound, as changes in the exchange rate affect the cost of pricing gold in the local market. Market participants closely monitor the dollar's movement, as it is a primary determinant of prices, especially given the connection between local gold pricing and a combination of global prices, exchange rates, and demand and supply levels.
Globally, gold prices remained stable at their previous closing levels, as weekly trading in international markets was suspended due to a public holiday. This limited the occurrence of new changes in global prices during the day's transactions. The movement of gold prices globally remains a fundamental factor influencing the Egyptian gold market, alongside the exchange rate of the US dollar and local demand.
Market participants are awaiting the resumption of global trading to monitor the direction of gold prices during the new week. Locally, market participants are watching the potential continuation of the dollar's movement and its impact on various carat prices, as buying and selling decisions change according to expectations of price trends and market movement.
Key points
- Egypt's 21-carat gold price reached 6190 EGP per gram on October 11, 2026.
- The rise in gold prices in Egypt is influenced by the movement of the US dollar against the Egyptian pound.
- Global gold prices remained stable due to the suspension of weekly trading in international markets.
