On Tuesday, 29 September 2026, Egyptian gold prices experienced a limited rise in the local market. The gram price of gold increased by 10 EGP, partially offsetting the previous day's loss of 130 EGP. This fluctuation is attributed to the movement of the global ounce and the dollar exchange rate, as well as the level of demand. The most sought-after gold type, 21-carat, is now priced at 6110 EGP per gram, excluding manufacturing costs, compared to its previous price of 6100 EGP.
The difference between buying and selling prices is approximately 50 EGP. Globally, the ounce price rose by 40 USD, reducing its losses from the previous day, which amounted to 171 USD. The current global ounce price stands at 4154 USD. Market participants are awaiting developments in geopolitical events and economic data releases. The price movement is being closely monitored by investors and consumers alike.
The current prices of gold in Egypt, excluding manufacturing costs, are as follows: 24-carat gold is priced at 6982 EGP per gram, 21-carat gold at 6110 EGP per gram, 18-carat gold at 5237 EGP per gram, and 14-carat gold at 4073 EGP per gram. The gold pound is priced at 48880 EGP, and the global ounce price is 4154 USD.
The manufacturing cost of gold varies between 3% to 7% of the gram price, depending on the effort required to produce the gold item. This cost can increase or decrease based on the producer's or workshop's estimates. The manufacturing cost also differs depending on the type of gold, with 18-carat gold typically having a higher manufacturing cost compared to 24-carat gold, which is often used for making gold bars and has lower production costs.
The gold market is influenced by various factors, including global economic trends, geopolitical events, and local demand. The recent fluctuations in gold prices reflect the market's response to these factors. As the market continues to evolve, investors and consumers are advised to stay informed about the latest developments and trends.
In related news, the Egyptian government and relevant authorities have been taking measures to monitor and regulate the gold market. These efforts aim to ensure transparency and fairness in the market, protecting both consumers and investors. The government's actions are crucial in maintaining stability and trust in the gold market.
The limited rise in gold prices on Tuesday, 29 September 2026, reflects the market's cautious approach amid ongoing global and local economic developments. As the market continues to respond to various factors, participants are advised to stay vigilant and informed about the latest trends and updates.
Key points
- Egyptian gold prices rose on Tuesday, 29 September 2026, with the 21-carat gram price reaching 6110 EGP.
- The global ounce price increased by 40 USD, standing at 4154 USD.
- The manufacturing cost of gold in Egypt ranges between 3% to 7% of the gram price.
