Egypt Gold Prices Steady: 24-Karat Gram Records EGP 7,097 as Global Ounce Trades Near $4,077

Saturday 7 November 2026 05:29

Gold prices in Egypt were largely unchanged at the beginning of Saturday's trading, with 24-karat gold recording EGP 7,097 per gram on November 7, 2026.

The price stability coincided with 21-karat gold remaining above EGP 6,200, despite a decline in international gold prices and the US dollar's movement against the Egyptian pound during the week, according to Gold Billion's analysis.

Latest Gold Prices in the Egyptian Market

The reported prices were:

- 24-karat gold: EGP 7,097 per gram.

- 21-karat gold: EGP 6,210 per gram.

- 18-karat gold: EGP 5,323 per gram.

- 14-karat gold: EGP 4,140 per gram.

- Gold pound: EGP 49,680.

Estimated Prices of Gold Bars

Using the 24-karat price as a basis, the estimated values of selected gold bars stood at:

- 2.5 grams: around EGP 17,743.

- 5 grams: around EGP 35,485.

- 10 grams: around EGP 70,970.

The estimates cover the raw gold value only and do not include additional manufacturing charges, fees, or commissions, which differ across suppliers and products.

International Gold Faces Pressure

In global markets, gold prices declined 0.3% on Friday, touching a session low of $4,035 per ounce before trading at around $4,077.

The movement followed a recovery in the US dollar and oil prices climbing above $100 per barrel. These developments renewed inflation concerns and supported expectations of higher interest rates for a longer period.

Dollar Performance and US Employment Data in Focus

Investors are monitoring whether gold can sustain levels above $4,000 per ounce, while also tracking the US dollar and upcoming US employment figures.

The developments are among the key indicators that could influence the performance of gold and bullion prices in the coming days.