Gold Prices in Egypt – Saturday, June 21, 2025: Live Market Updates
Gold prices in Egypt experienced fresh movement on Saturday, prompting renewed debate among buyers about whether it is a good time to invest. According to the latest data from the Gold and Jewelry Division, prices witnessed minor fluctuations, with the widely favored 21-karat gold seeing a notable decline of EGP 5 per gram—potentially presenting an attractive buying opportunity.
21-Karat Gold Takes Center Stage
The 21-karat variant remains the most popular among Egyptian consumers, valued for its balance of purity and affordability. Today, the buying price for 21-karat gold reached EGP 4,780 per gram, while the selling price at jewelry outlets stood at EGP 4,760. The small difference is attributed to manufacturing and tax costs. This makes it an appealing option for short-term investors and individuals purchasing gold for special occasions.
24K and 18K Also Reflect Declines
Gold of higher purity, such as the 24-karat type, was priced at EGP 5,463 per gram for buying and EGP 5,440 for selling. Its premium luster continues to attract those seeking high-value, luxurious pieces. Meanwhile, the 18-karat option, now favored by cost-conscious buyers and newlyweds, was quoted at EGP 4,097 for buying and EGP 4,080 for selling.
Gold Pound Remains a Strategic Investment
For those looking to sidestep high production costs, the gold pound remains a smart savings tool. Today, it was priced at EGP 38,240 for buying and EGP 38,080 for selling. The gold pound—typically containing 8 grams of 21-karat gold—is generally exempt from significant workmanship fees, making it a practical choice for long-term holdings.
Global Markets See Fluctuations
Internationally, gold prices saw notable volatility throughout the week. The spot price of an ounce of gold today stood at $3,368, reflecting ongoing market uncertainty. Analysts attribute the drop to several global economic indicators, particularly the recent fluctuations in the US dollar, along with changing inflation trends and global interest rate expectations. These dynamics have directly impacted local pricing and investment sentiment.