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Gold prices in Egypt experienced a significant decline at the start of trading on Sunday, September 6, 2026. The price of 21-karat gold reached approximately 6,340 EGP per gram, a drop of about 60 EGP from the previous price, amid strong movements in the local market. This decline is due to the influence of global gold movements, the exchange rate of the US dollar against the Egyptian pound, as well as supply and demand levels in the Egyptian market. Additionally, the price of 24-karat gold was around 7,245 EGP, and 18-karat gold about 5,435 EGP. The price of a gold pound stood at 50,720 EGP, while the international gold ounce was approximately $4,430.
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