Market Shock: Gold in Egypt Stabilizes at These Levels After Global Drop
Stability of Gold Prices Today in Egypt
The local market witnessed a state of stability at the start of trading on Thursday, October 15, 2026, following a sharp wave of decline that hit yesterday's trading on Wednesday, coinciding with the global drop of the ounce below the $4,100 mark amid investor anticipation of interest rate and US dollar trends.
Details of Gold Prices Across Various Karats
Gold karats in Egyptian goldsmith shops recorded the following prices:
24 Karat: 7,006 EGP
21 Karat (Best Seller): 6,130 EGP (after losing 50 EGP yesterday)
22 Karat: 6,422 EGP
18 Karat: 5,254 EGP
14 Karat: 4,087 EGP
Gold Pound: 49,040 EGP