Egypt Gold Market Stabilizes After Fed Rate Decision, 21K at EGP 6,385

Thursday 29 October 2026 04:55

Egyptian Gold Market Starts the Day Steady

Gold prices showed little movement in Egypt at the start of Thursday’s trading session, with local investors closely following global market developments after the latest US Federal Reserve decision.

The widely traded 21-karat gold was priced at EGP 6,385 per gram, while the higher-purity 24-karat grade stood at EGP 7,297.

18K Gold Records EGP 5,473

Other gold grades also remained stable, with 18-karat gold trading at EGP 5,473 per gram and 14-karat gold reaching EGP 4,257.

The gold pound was priced at EGP 51,080.

Fed Policy Remains Key Market Driver

Attention remains focused on the Federal Reserve after it kept its overnight interest rate unchanged in the 3.75% to 4.00% range.

Changes in US monetary policy can influence the dollar and financial markets, making the Fed’s future policy signals an important factor for the direction of the precious metal.

What Is Driving Gold Prices in Egypt?

Domestic gold prices reflect a combination of international and local factors, including global bullion prices, movements in the dollar against the Egyptian pound and supply and demand conditions within the Egyptian market.

As a result, movements in international gold and foreign exchange markets remain key factors to watch for the direction of local prices.