Gold Prices Drop by EGP 225 as Market Retreats from Record Highs on Tuesday
Gold prices in Egypt reversed earlier gains and fell sharply during evening trading on Tuesday, shedding EGP 225 per gram over the course of the day, according to Nady Naguib, former Secretary General of the Gold Division at the Cairo Chamber of Commerce.
Prices initially hit a record high of EGP 5,890 per gram for 21-karat gold in early morning trading — the highest level on record — before declining by EGP 105 by midday to EGP 5,785. By evening, the price had dropped further, marking a total daily decline of EGP 225.
Current Gold Prices in Egypt (Evening, October 21, 2025):
14-karat gold: EGP 3,783 per gram
18-karat gold: EGP 4,864 per gram
21-karat gold: EGP 5,675 per gram
24-karat gold: EGP 6,485 per gram
Gold Coin and Bullion Prices:
Gold pound (8 grams of 21k): EGP 45,400
10-gram gold bar: EGP 64,850
50-gram gold bar: EGP 324,250
(Prices may vary slightly between retailers and reflect the value of pure gold content.)
Global Gold Market:
On the international market, gold prices also declined, falling 4.32% to around $4,164 per ounce (equivalent to 31.1 grams of 24-karat gold), according to the latest data from Bloomberg.
The pullback in both local and global gold prices comes amid heightened market volatility and profit-taking after recent record-breaking gains.