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The current gold price in Egypt remains steady at 7,508 pounds for 24-karat gold without manufacturing costs. The market has experienced fluctuations due to various factors. Global demand for gold increased by 2% in the first quarter of 2026, reaching 1,230.9 tons, with central bank purchases rising by 3% and jewelry demand dropping by 23%. The gold price is supported by escalating military tensions in the Middle East and uncertainty in American trade policies, along with a slight decline in the dollar, making gold a hedge against inflation and economic instability. Gold prices in Egypt fluctuate constantly due to global developments and local factors, with daily variations ranging between 15 and 20 pounds.
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