Gold Prices Climb in Egypt as 21-Karat Hits EGP 6,320 per Gram
Gold prices in Egypt remained at elevated levels at the start of trading on Wednesday, October 21, 2026, with 21-karat gold, the most widely traded grade in the local market, reaching EGP 6,320 per gram, its highest level during October.
The rise in domestic gold prices came alongside gains in global bullion prices and a decline in US Treasury yields from their recent highs, supporting demand for the precious metal.
Gold Prices in Egypt
According to the latest market levels, 24-karat gold recorded EGP 7,223 per gram, while 21-karat gold stood at EGP 6,320.
Meanwhile, 18-karat gold reached EGP 5,417 per gram, while 14-karat gold was priced at EGP 4,213.
The price of a gold pound reached EGP 50,560.
Global Gold Rises to $4,154 an Ounce
In international markets, gold gained 0.83% to reach $4,154 per ounce, supported by a decline in US Treasury yields, which strengthened the appeal of the precious metal.
The price gap between international gold rates and prices in Egypt remains one of the indicators used to assess the relationship between local and global markets.
However, this gap alone does not determine the future direction of gold prices, as the domestic market is also influenced by several factors, including movements in global bullion prices, the Egyptian pound exchange rate, and local supply and demand conditions.