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Gold prices in Egypt saw a notable decline on Monday, July 21, 2025, with 21-carat gold—the most traded in the local market—falling by EGP 25 per gram in jewelry shops, despite global prices holding steady.

According to the latest data from the General Division for Gold, the price of 21-carat gold dropped to EGP 4,650 per gram, down from EGP 4,675 recorded on Sunday. This comes as global spot prices for gold remained stable at $3,356 per ounce, reflecting a relatively calm international market.

Other gold carats also saw similar declines:

24-carat: EGP 5,314.29 per gram

18-carat: EGP 3,985.71 per gram

These prices do not include workmanship fees (known locally as masna'eya), which typically range between EGP 100 and EGP 200 depending on the piece’s design and the retailer. When added, the final consumer price for 21-carat gold can vary significantly across shops.

The price of a gold sovereign coin ("Egyptian pound of gold") was reported at EGP 37,200, serving as a key indicator for investors and traders tracking the local bullion market.

Globally, spot gold prices remained steady at around $3,371 per ounce on Monday. This stability is seen as a positive signal amid ongoing global economic uncertainty, offering local markets a buffer against further volatility.

The recent decline in Egyptian gold prices reflects broader market adjustments, and many analysts suggest the market may be in a temporary correction phase. Market participants—including investors and consumers—are advised to closely monitor both local price movements and global trading trends in the days ahead.