Gold Market Stability: Gold Continues to Hold Steady in Egypt with Karat 21 Recorded at EGP 6,150

Saturday 3 October 2026 04:05

Calm Dominates Morning Trading Across Gold Markets

Quiet trading conditions prevailed over buying and selling activities in Egyptian gold shops at the start of transactions today, Saturday, October 3, 2026. Gold prices maintained their previous levels without radical changes, driven by the current market stabilization and traders awaiting indicators from both global and local foreign exchange markets.

Today's Price List for Gold Grams and the Gold Pound

Prices across various gold karats in Egypt stabilized at the following levels:

Karat 24 Gram: EGP 7,029.

Karat 22 Gram: EGP 6,441.

Karat 21 Gram (Most Traded): EGP 6,150.

Karat 18 Gram: EGP 5,271.

Karat 14 Gram: EGP 4,100.

Gold Pound: EGP 50,325.

Dollar Movements Absorb Global Gold Pressures

The local market is working to maintain price resilience and build a solid price floor at present. The US dollar's rise of nearly half a pound over past days—crossing the EGP 52 mark—proved crucial in shielding domestic prices from declines, effectively balancing out recent pullbacks on international exchanges.

Global Trading Outlook and Ounce Expectations

Internationally, the gold ounce maintained a calm trajectory for the third straight day, posting a minor gain of 0.1% to touch a session high of $4,196 before easing to trade near $4,181, compared to an opening price of $4,175. Markets are closely watching whether gold can sustain momentum above $4,150 to break the $4,200 threshold toward strong resistance at $4,300 per ounce.