Gold Prices in Egypt Today: 24-Karat Reaches 7,017 EGP Following Global Ounce Recovery

Tuesday 3 November 2026 07:00

Gold prices in Egypt recorded notable fluctuations today, Tuesday, November 3, 2026, with 24-karat gold reaching 7,017 EGP per gram. These shifts coincide with variations in global ounce prices and continuous tracking of the US Dollar exchange rate against the Egyptian Pound, alongside local supply and demand dynamics.

Today’s Gold Prices by Karat and Gold Pound

24-Karat: 7,017 EGP

21-Karat (Most Traded): 6,140 EGP

18-Karat: 5,263 EGP

14-Karat: 4,093 EGP

Gold Pound: 49,120 EGP

Local Market Movements After a 4-Day Decline

The current price levels follow a four-day losing streak in the Egyptian market, driven by a drop in global ounce prices and a gradual decrease in the US Dollar exchange rate. Previously, 21-karat gold broke below the 6,200 EGP mark to reach around 6,130 EGP, before regaining a portion of its losses and boosting other karats as well.

Global Ounce Recovery, Political Pressures, and Crude Oil Dynamics

Globally, gold ounces rebounded early in the week, rising by 0.8% to reach a high of $3,919. This recovery was supported by a drop of over 3.5% in crude oil prices and growing expectations surrounding potential negotiations between the US and Iran. Markets also remain focused on upcoming US Federal Reserve interest rate decisions following hawkish remarks from officials emphasizing the need for monetary tightening to curb inflation.

Impact of Exchange Rates on Egyptian Gold Trends

The US Dollar exchange rate against the Egyptian Pound remains the primary driver for local jewelry markets. Experts anticipate that the gradual recovery or stability of the Egyptian Pound could limit domestic gold price surges, even if global ounce prices continue to rally.