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Gold Prices in Egypt Remain Stable Amid Global Market Fluctuations

By Africazine

The price of 24-karat gold in Egypt remained stable at EGP 7,097 per gram at the start of trading on Saturday, November 7, 2026.

The 24-karat category is commonly used in gold bullion production. The 21-karat gold traded above EGP 6,200, despite pressure from a decline in global ounce prices and a drop in the US dollar against the Egyptian pound during the current week, according to an analysis by Gold Billion.

Gold Prices in Egypt Remain Stable

Local gold prices recorded the following levels: 24-karat gold at EGP 7,097 per gram, 21-karat gold at EGP 6,210 per gram, 18-karat gold at EGP 5,323 per gram, 14-karat gold at EGP 4,140 per gram, and the gold pound at EGP 49,680. The stability in prices comes as markets continue to monitor international gold price movements.

Based on the 24-karat gold price of EGP 7,097 per gram, the estimated values of popular bullion weights are approximately EGP 17,743 for a 2.5-gram gold bar, approximately EGP 35,485 for a 5-gram gold bar, and approximately EGP 70,970 for a 10-gram gold bar. These figures represent the value of raw gold based on the gram price and exclude manufacturing costs, fees, and commissions, which vary by company and product.

Global Gold Prices Decline Amid Market Movements

Internationally, gold fell by 0.3% during Friday’s trading, reaching a low of ,035 per ounce before trading near ,077. The decline came as the US dollar recovered and oil prices rose above 0 per barrel, reviving inflation concerns and strengthening expectations that interest rates could remain elevated.

Markets are watching whether gold can maintain trading above the ,000-per-ounce level, alongside movements in the US dollar and upcoming American employment data. These factors are expected to play an important role in shaping the direction of gold and bullion prices in the coming period.

Next Steps for Gold Markets

  • Monitor gold trading levels above ,000 per ounce.
  • Watch for movements in the US dollar.
  • Review upcoming American employment data.

Gold prices in Egypt remain stable as markets watch global trends.

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