On Wednesday, September 23, 2026, the global gold market witnessed a rise in prices, with the spot gold price increasing by $5.04, or 0.12%, to reach $4,363.62 per ounce. During the day, the price fluctuated between $4,358.58 and $4,364.71 per ounce. This recent surge is part of a larger trend, with gold prices having grown by 16.48% over the past year.
When examining the performance of gold over various time periods, it is evident that the metal experienced a 2.83% decline over the past six months. However, in the last three months, gold prices have risen by 4.11%. Moreover, on a monthly basis, gold saw a 5.21% decrease, whereas on a weekly basis, it recorded a 1.63% increase. The daily performance of gold on September 23, 2026, showed a 0.12% rise.
In Egypt, the local gold market also reflected the global trend, with prices for different gold alloys rising. Specifically, the price of 18-carat gold reached 5,408 Egyptian Pounds (EGP) per gram. Meanwhile, the 24-carat gold price stood at 7,211 EGP per gram. These prices are significant for consumers and investors alike, as they influence the overall cost of gold products in the Egyptian market.
The 21-carat gold price, a popular alloy in Egypt, was reported at 6,310 EGP per gram. Additionally, the manufacturing cost, also known as "mashroumiya," ranged between 100 and 150 EGP. This added cost is crucial for buyers to consider, as it affects the final price of gold items. The gold market in Egypt often sees fluctuations in prices due to both global and local factors.
Another important gold product in Egypt is the gold pound, which was priced at 50,480 EGP. This product is widely traded and serves as an investment option for many Egyptians. The pricing of such products is closely watched by consumers and investors, as it impacts their financial decisions.
The rise in gold prices can be attributed to various factors, including global economic trends and market demand. As a safe-haven asset, gold often benefits from economic uncertainty, which can drive up its value. In Egypt, the local market responds to these global changes, leading to price adjustments.
In conclusion, the gold market in Egypt on September 23, 2026, saw a rise in prices across various gold alloys, mirroring the global trend. With prices for 21-carat gold at 6,310 EGP per gram and the gold pound at 50,480 EGP, consumers and investors must consider these changes when making financial decisions.
Key points
- Egypt's gold market reflects global trends with a rise in prices on September 23, 2026.
- The 21-carat gold price stood at 6,310 EGP per gram, with manufacturing costs ranging between 100 and 150 EGP.
- Gold prices in Egypt have risen by 16.48% over the past year, despite a 2.83% decline in the last six months.
