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Gold price surge today without craftsmanship fees
Gold prices in Egypt rose unexpectedly, with the price of a gram of 21-karat reaching approximately 5,820 Egyptian pounds on Saturday, July 18, 2026. This increase was influenced by the stable US dollar exchange rate and the rising premium. Despite fluctuations in the global stock markets, the Egyptian market maintained its balance, with increased demand for jewelry and bars due to a decline in gold prices worldwide. Gold imports to Egypt during the first four months of 2026 amounted to about $2 billion, compared to $63 million last year. Gold prices in Egypt remain largely dependent on global market developments, especially the dollar exchange rate and local demand levels.
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