Egypt’s Gold Prices Surge 17.3% in First Four Months of 2026 Despite April Cooling

Gold prices in Egypt delivered a robust performance during the first four months of 2026, with the benchmark 21-carat gold jumping by EGP 1,010 per gram, according to a technical report by iSagha. Starting the year at EGP 5,840, the 21-carat gold reached EGP 6,850 by April 29, marking a year-to-date (YTD) increase of 17.29%. This surge comes as global spot gold prices hit an unprecedented high of $4,544.36 per ounce by the end of the period.

Eng. Saied Embabi, CEO of iSagha, noted that the market experienced significant volatility during this period. While gold hit a record peak of EGP 7,475 in late February, April saw a corrective trend, with prices retreating by 5.3% (EGP 380) from an earlier monthly high of EGP 7,230. Despite this short-term dip, the underlying demand for gold as a hedge remains strong, supported by the metal’s performance across all carats, with the 24-carat closing at EGP 7,828 and the Gold Coin (8g) valued at EGP 54,800.