Egypt Gold Market Opens November with Stable Prices as 18-Karat Gold Trades at EGP 5,263
Gold prices in the Egyptian market showed little change at the beginning of Monday's trading on November 2, 2026. The 18-karat gram was quoted at EGP 5,263, while 21-karat gold reached EGP 6,140, as market participants continued to monitor fluctuations in the precious metal.
Latest Gold Rates Across Karats
The reported market prices were:
- 24-karat gold: EGP 7,017 per gram.
- 21-karat gold: EGP 6,140 per gram.
- 18-karat gold: EGP 5,263 per gram.
- 14-karat gold: EGP 4,093 per gram.
- Gold pound: EGP 49,120.
Local Prices Move Higher Despite Global Weakness
October figures from the Gold and Precious Metals Division of the Federation of Egyptian Industries showed that 21-karat gold gained around EGP 55 over the month, equivalent to an increase of 0.9%, compared with EGP 6,145 at the start of October.
This local movement contrasted with the international market, where the gold ounce fell by 6.8%. The increase of approximately 7.1% in the US dollar against the Egyptian pound helped cushion the effect of the global decline on domestic gold prices.
International Gold Records Another Monthly Decline
The global gold ounce shed nearly $284 in October, extending its decline for a second consecutive month.
Rising oil prices, inflation concerns and uncertainty over the future path of US monetary policy were among the factors weighing on international gold prices.
Meanwhile, 18-karat gold continues to attract some jewellery buyers due to its lower per-gram price compared with higher-karat options.
The international gold price and movements in the dollar-to-pound exchange rate remain key influences on the Egyptian market.