Gold Prices Stabilize in Egypt at Tuesday”s Opening Amid Global Anticipation
Gold prices in the local Egyptian market experienced a state of stability and calm at the start of trading today, Tuesday, October 6, 2026, with the price of 24-karat gold holding at EGP 7,017 per gram. This calm comes as markets remain on high alert, anticipating global ounce trends and movements in the USD exchange rate against the Egyptian pound.
Local Gold Market Performance and 24K Stability
24-karat gold is considered the highest purity level among various carats, and its price movements directly influence other gold items and bullion in Egypt. This stability follows a day of minor fluctuations, as 21-karat gold rose by about EGP 10 at the start of yesterday's transactions before retreating by EGP 5 in evening trading.
Today's Gold Carats and Gold Pound Price List:
24K Gold: EGP 7,017 per gram
22K Gold: EGP 6,443 per gram
21K Gold: EGP 6,140 per gram
18K Gold: EGP 5,263 per gram
14K Gold: EGP 4,093 per gram
Gold Pound: EGP 50,320
Global Indicators and Influencing Factors
On the global front, markets continue to monitor volatile gold ounce prices while closely tracking US dollar performance, treasury yields, upcoming economic data, and monetary policy decisions. The global ounce movement, alongside the local USD exchange rate and supply-demand levels, remains the key driver of gold pricing in Egypt.