Egypt's gold market experienced a significant surge in prices on Wednesday, September 23, 2026. According to data from the Egyptian Gold and Jewelry Division and Gold Bullion, a company specializing in tracking the yellow metal market, the price of 21-carat gold rose to 6300 EGP per gram in local jewelry stores. This marks a notable increase, with prices rising by approximately 10 EGP compared to the previous update, excluding manufacturing costs and taxes.
The current market trends indicate that the price of 24-carat gold is trading at 7200 EGP per gram for buying and 7166 EGP per gram for selling. Similarly, 18-carat gold is priced at 5400 EGP per gram for buying and 5374 EGP per gram for selling. These prices are exclusive of manufacturing costs and taxes. The fluctuations in gold prices are being closely monitored by market analysts and investors.
The price of gold in Egypt has been influenced by global market trends. The international price of an ounce of gold is currently quoted at 4363.84 USD for buying and 4363.34 USD for selling. This global trend has contributed to the recent surge in gold prices in Egypt. Market participants are keenly observing the developments in the global gold market and its impact on local prices.
The Egyptian gold market has seen a significant increase in the price of gold coins and bars. A gold pound, weighing 8 grams of 21-carat gold, is currently priced at 50,400 EGP for buying and 50,160 EGP for selling. These prices do not include manufacturing costs and taxes. The surge in gold prices has sparked interest among investors and individuals looking to buy gold as a safe-haven asset.
Market analysts attribute the recent surge in gold prices to various factors, including global economic trends and currency fluctuations. The ongoing demand for gold as a safe-haven asset has also contributed to the price increase. As the global economic landscape continues to evolve, market participants expect gold prices to remain volatile.
The surge in gold prices has significant implications for various sectors, including jewelry, investment, and industry. The Egyptian gold market is closely monitoring the developments in the global gold market and its impact on local prices. As the market continues to adjust to the new price levels, participants are advised to stay informed and adapt to the changing market conditions.
In conclusion, the gold market in Egypt has experienced a notable surge in prices on Wednesday, September 23, 2026. The price of 21-carat gold has reached 6300 EGP per gram, driven by global market trends and local demand. As the market continues to evolve, participants are advised to stay informed and monitor the developments in the global gold market.
Key points
- The price of 21-carat gold in Egypt has reached 6300 EGP per gram.
- The international price of an ounce of gold is currently quoted at 4363.84 USD for buying and 4363.34 USD for selling.
- A gold pound, weighing 8 grams of 21-carat gold, is currently priced at 50,400 EGP for buying and 50,160 EGP for selling.
