Gold Prices Stabilize in Egypt on Wednesday as 24-Karat Gold Reaches EGP 7,051

Wednesday 11 November 2026 06:46

Gold prices in the Egyptian market remained stable at the beginning of trading on Wednesday, November 11, 2026, with 24-karat gold recording EGP 7,051 per gram.

Other gold grades also held at Tuesday’s closing levels, following a sharp decline in international markets that pushed the global gold ounce down by around 0.8% to $4,040.

The price of 21-karat gold, the most widely traded grade in Egypt, stood at EGP 6,170 per gram after losing approximately EGP 85 during Tuesday’s trading session. The decline came amid global market pressures and changing expectations regarding US interest rates.

Gold Prices in Egypt

The latest gold prices in the Egyptian market at the start of Wednesday’s trading were:

24-karat gold: EGP 7,051.
21-karat gold: EGP 6,170.
18-karat gold: EGP 5,289.
14-karat gold: EGP 4,113.
Gold pound: EGP 49,360.

International Gold Market Under Pressure

Globally, the gold ounce fell by approximately 0.8% to $4,040, after opening at $4,135. The metal failed to break through the $4,140 resistance level during Tuesday’s session, encouraging profit-taking following the gains recorded in the previous session.

Gold also faced pressure following the release of US inflation data, which reinforced concerns about persistent price pressures and influenced investor expectations regarding upcoming decisions by the US Federal Reserve.

EGP 6,200 Seen as a Key Support Level for 21-Karat Gold

According to Gold Billion analyses, EGP 6,200 represents an important support level for 21-karat gold. Prices have already moved below this threshold, and continued trading beneath it could increase selling pressure in the coming period.

Egypt’s gold market is closely monitoring movements in international ounce prices and the US dollar exchange rate, as both remain among the key factors influencing local gold prices, particularly 24-karat gold.