Egypt's gold market experienced a notable increase in prices on Friday, 25 September 2026, with the gram price rising by 35 EGP. This surge is attributed to the fluctuations in the global gold market, where the ounce price reached 4300 USD. The 21-carat gold, in high demand locally, was traded between 6240 and 6260 EGP per gram, excluding manufacturing costs, which vary based on factors such as gold type, manufacturer, and location.
The current market trends indicate a significant rise in gold prices, with the 24-carat gold priced at 7154 EGP per gram. The 18-carat and 14-carat gold were traded at 5365 EGP and 4173 EGP per gram, respectively. The gold pound, equivalent to 50080 EGP, also saw a considerable increase. Globally, the ounce price of gold reached 4300 USD, after opening at 4273 USD and fluctuating between 4256 and 4315 USD.
Market analysts attribute the recent surge in gold prices to the ongoing geopolitical events and economic data. The gold market has seen a significant increase in recent weeks, with the ounce price rising by 29 USD in the previous week. Locally, the gram price increased by 120 EGP in the same period. The manufacturing cost of gold, which ranges between 3% and 7% of the gram price, varies depending on the type of gold, manufacturer, and location.
The 18-carat gold manufacturing cost is considered one of the highest due to its intricate designs. In contrast, the 24-carat gold used in producing gold bars of various weights has a relatively lower manufacturing cost. The gold market is expected to continue experiencing fluctuations in the coming weeks, influenced by global market trends and economic events.
The Egyptian market has seen a significant increase in gold prices in recent months, with the 21-carat gold reaching an all-time high. The surge in gold prices has been attributed to the increasing demand for safe-haven assets amid global economic uncertainty. The gold market is expected to remain volatile, with prices influenced by global market trends and economic events.
The price of gold in Egypt is expected to continue to fluctuate in response to changes in the global market. The Central Bank of Egypt and other financial institutions have been monitoring the situation closely, taking measures to stabilize the market. Despite the volatility, gold remains a popular investment option for many Egyptians.
In related news, the Egyptian Ministry of Supply and Internal Trade has announced plans to reduce prices of essential goods. The Ministry has launched an initiative to provide 30 essential items at reduced prices, starting from today and continuing until March next year. This move aims to alleviate the burden on low-income households and mitigate the impact of rising prices.
Key points
- The price of 21-carat gold in Egypt has risen to 6260 EGP per gram, influenced by global market trends.
- The ounce price of gold globally has reached 4300 USD, contributing to the surge in gold prices in Egypt.
- The manufacturing cost of gold in Egypt ranges between 3% and 7% of the gram price, varying depending on the type of gold and manufacturer.
