Gold Prices Stabilize in Egypt Today Following Yesterday”s Drop; Gram 21 Karat Records EGP 6,120
Gold prices in the Egyptian market held steady during today's trading, Thursday, October 1, 2026, following a decline of EGP 15 per gram at the close of yesterday's sessions. This stability comes as traders closely monitor key global and local economic indicators, primarily global gold ounce movements and the USD/EGP exchange rate.
Today's Gold Prices in Egypt by Karat
The various gold karats recorded the following levels in Egyptian jewelry markets today:
24-Karat Gold: EGP 6,994 per gram.
21-Karat Gold: EGP 6,120 per gram.
18-Karat Gold: EGP 5,246 per gram.
14-Karat Gold: EGP 4,080 per gram.
Gold Pound: EGP 48,960.
Key Factors Driving Local Gold Prices
Gold pricing in Egypt is subject to continuous shifts based on three main determinants:
Global Ounce Price: Fluctuations in international commodity exchanges.
Exchange Rates: The movement of the US Dollar against the Egyptian Pound.
Supply and Demand: Local buying and selling dynamics in the Egyptian market.
Market participants remain focused on global exchange trends and currency updates to anticipate future price directions.