Egypt Gold Market Holds Steady, with 21-Karat Prices at EGP 6,210 per Gram
Gold prices in Egypt held steady in Sunday morning trading, November 8, 2026, following a marginal weekly gain amid significant movements in international bullion prices and a decline in the dollar’s exchange rate against the Egyptian pound.
The local gold market posted a 0.16% increase over the previous week. Prices peaked at EGP 6,265 per gram after starting the week at EGP 6,200, before settling at EGP 6,210 per gram by the close.
Latest Gold Prices in the Egyptian Market
Gold prices on Sunday were recorded as follows:
- 24-karat gold: EGP 7,097.
- 21-karat gold: EGP 6,210.
- 18-karat gold: EGP 5,323.
- Gold pound: EGP 49,680.
What Influenced Gold Prices Last Week?
At the beginning of the previous week, gold prices came under pressure and dropped to EGP 6,110 per gram, marking their lowest level in a month. The decline reflected weaker global gold prices and pressure from the higher dollar exchange rate.
The dollar later moved lower following a decline in crude oil prices and the return of inflows into Egypt’s debt markets. These developments eased pressure on the exchange rate.
The reported data showed that the dollar lost 4% of its value, equivalent to around EGP 2.20, trading below EGP 54. The currency movement helped restrain domestic gold gains during the week.