Gold Prices Stabilize in Egypt Today Amid Market Holiday; Upcoming Volatility Expected
Gold prices in the local Egyptian market stabilized today, Sunday, October 25, 2026, coinciding with the weekly holiday of the gold market (Sagha). This calm comes after a sharp downward wave hit the yellow metal globally over the past week, dropping the ounce to its lowest level in three months under the weight of rising oil prices and increasing expectations that interest rates will remain higher for longer.
On the domestic front, gold prices held steady as investors and traders closely monitor global market developments and exchange rate fluctuations, particularly with the US dollar rate surpassing 54 EGP.
Today's Gold Prices in Egypt
24-Karat Gold: 7,171 EGP
21-Karat Gold (Most Popular): 6,275 EGP
18-Karat Gold: 5,379 EGP
14-Karat Gold: 4,200 EGP
Gold Pound: 50,200 EGP
Reasons Behind Global Decline and Gold Ounce Dropping Below $4,000
According to a report by "Gold Billion," global gold fell by 4.1% over the past week to close at $3,995 per ounce, after hitting a low of $3,975 compared to an opening price of $4,167. Gold thus broke its four-week sideways trading range by falling below the key support level of $4,100 per ounce.
This selling pressure is mainly attributed to the surge in crude oil prices and subsequent inflationary concerns, reinforcing central banks' tendencies to maintain higher interest rates for longer—reducing the attractiveness of non-yielding assets like gold.
Other Factors Influencing Gold Price Movements
The sell-off occurred despite a weaker US dollar and a decline in US Treasury yields to one-month lows. Additionally, the sharp sell-off in technology stocks prompted some investors to liquidate gold positions to raise cash and cover equity market losses.
Interest Rate Outlook and Gold's Future Trend
Markets are awaiting the US Federal Reserve's upcoming decision, with expectations leaning toward holding rates unchanged in the next meeting, while the probability of a second rate hike in December reaches nearly 90%, signaling continued pressure on gold if monetary tightening persists.ning persists.