Egypt’s Gold Market Braces for Saturday Opening Following Late-Week
The local market is on standby as gold trading is set to resume at 10:00 AM today, Saturday, June 27, 2026. This anticipation follows a noticeable retreat in gold prices across all carats just before the close of trading on Friday.
Gold Pound Valuation
Before Friday's closing bell, the 21-karat gold pound settled at 46,496 EGP. This figure reflects the raw value of the 8-gram coin, exclusive of workmanship fees, value-added taxes (VAT), or official stamp duties.
Consumer Selling Prices
According to market data recorded prior to Friday's close, the selling prices (retail rates) for consumers were as follows:
24-Karat: 6,645 EGP per gram
21-Karat: 5,815 EGP per gram
18-Karat: 4,984 EGP per gram
14-Karat: 3,876 EGP per gram
Merchant Buying Prices
Conversely, the purchasing prices—the rates at which traders buy back gold from consumers—stood at:
24-Karat: 6,560 EGP per gram
21-Karat: 5,740 EGP per gram
18-Karat: 4,920 EGP per gram
14-Karat: 3,826 EGP per gram