Gold Prices Continue to Rise in Egypt as Global Ounce Nears $4,000
Gold prices in the Egyptian local market recorded a slight increase today, Monday, October 26, 2026, influenced by the global market where the ounce traded near the $4,000 threshold. This comes amid close tracking by investors and citizens regarding market movements and exchange rate fluctuations.
Gram 21 Karat Movements and the Local Market
Gram 21 karat—the most popular and widely traded in Egypt—registered around EGP 6,290, marking a 10-pound increase compared to the previous update of EGP 6,280. This upward trend comes amid ongoing market volatility and the impact of local supply and demand dynamics.
Gold Karat and Sovereign Gold Coin Prices Today
Other gold karats in Egyptian jewelry shops (excluding workmanship fees and taxes) stabilized at the following levels:
24 Karat: EGP 7,189 per gram.
21 Karat: EGP 6,290 per gram.
18 Karat: EGP 5,391 per gram.
14 Karat: EGP 4,193 per gram.
Gold Sovereign (8 grams, 21 Karat): EGP 50,320.
Key Drivers of Precious Metal Prices
Market traders are keeping a close eye on several key factors determining price trends in the upcoming period, most notably:
Global Market Price: Ounce movements on international exchanges.
Exchange Rate: USD to EGP trading levels.
Local Demand: The supply and demand balance within the domestic market