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Gold prices in the local Egyptian market remained stable on Monday, July 7, 2025, following a week of slight volatility driven by mixed global signals and the recent depreciation of the US dollar against the Egyptian pound.

Gold Prices in Egypt Today

According to local market data, the prices of gold recorded today are as follows:

24-karat gold (highest purity): EGP 5,291 per gram

21-karat gold (most traded): EGP 4,630 per gram (excluding making charges)

18-karat gold: EGP 3,969 per gram

Gold Sovereign (8 grams of 21K): EGP 37,040

On the global front, the ounce of gold was trading at $3,337.59 on international markets.

Making Charges and Market Variance

Making charges (locally known as "masoniyya") vary from one jewelry store to another, typically ranging between EGP 30 to EGP 65 per gram, depending on the gold karat and region. These charges account for approximately 7% to 10% of the total gold price.

Recent Trends and Market Insights

Gold prices in Egypt have undergone notable shifts in recent weeks. For instance, the price of the gold sovereign has dropped by more than EGP 400 compared to last week’s peak.

Despite this decline, analysts suggest the market is in a phase of cautious stability, influenced by a tug-of-war between global support for gold as a safe-haven asset and the local pressure resulting from the weakening US dollar.

Key Factors Influencing Gold Prices

Gold price movements are primarily affected by:

Global interest rates, especially decisions by central banks

Crude oil price fluctuations, which impact investor sentiment

Supply and demand dynamics, driven by global gold production and market behavior

Outlook: A Potential Upswing Ahead?

Experts believe that continued pressure on the US dollar in Egypt may provide upward momentum for gold in the short term. With geopolitical and economic uncertainties lingering, investors are advised to closely monitor international trends before making buy or sell decisions.

Gold remains one of the most trusted safe-haven assets during times of crisis, and its performance in the coming weeks will largely depend on global macroeconomic signals and central bank policies.