Local Gold Market Awaits Monday Opening as Prices Hold Onto Sunday”s Gains

Monday 22 June 2026 05:58

The Egyptian local market is highly anticipating the commencement of gold trading today, Monday, June 22, 2026, scheduled for 10:00 AM. This follows a noticeable upward trend in gold karat prices recorded just before the close of Sunday's trading session.

To provide a clear overview for investors and consumers, below is the detailed breakdown of the new gold selling prices in Egypt as recorded at Sunday's close:

Gold Purity / ItemSelling Price (EGP)

24-Karat Gold6,840

21-Karat Gold5,985

18-Karat Gold5,130

14-Karat Gold3,990

The 21-Karat Gold Pound:

In the local goldsmith markets (Saghah), the 21-karat gold pound traded at 47,880 EGP before Sunday's close. It is important to note that this price reflects the value of the raw gold (weighing exactly 8 grams) and does not include manufacturing fees (Masaneya), taxes, or stamp duties.