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Gold prices in Egypt continued their downward trend for the second consecutive day, recording notable declines across various karats during Saturday's trading. The domestic market saw gold values fall to their lowest levels in recent weeks.

The decline is primarily attributed to the relative stability and slight retreat of the US dollar exchange rate, which stood at EGP 49.43 in official banks and exchange offices today.

According to the latest pricing updates from local gold retailers, the 21-karat gold — the most widely traded in Egypt — dropped by EGP 15 per gram, while 18-karat gold fell by EGP 13. The price of the gold pound (8 grams of 21k) plummeted by EGP 120 compared to Friday's levels.

Gold Buying Prices (Saturday, July 5, 2025)

Karat Price (EGP)

24K 5,303

22K 4,861

21K 4,640

18K 3,977

14K 3,093

Gold Selling Prices (Saturday, July 5, 2025)

Karat Price (EGP)

24K 5,280

22K 4,840

21K 4,620

18K 3,960

14K 3,079

Gold Pound Price (8 grams – 21K)

Type Selling Price (EGP) Buying Price (EGP)

Gold Pound 36,960 37,120

Daily Price Decline Summary

24K: -EGP 17

22K: -EGP 16

21K: -EGP 15

18K: -EGP 13

14K: -EGP 10

Gold Pound: -EGP 120

Buyer’s Tip

The listed prices represent average retail values and may vary slightly between stores based on location and negotiation. It’s advised to compare prices across multiple jewelers before making a purchase.