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Egypt Gold Gains 5.57%

Egypt Gold Gains 5.57%

Gold prices in Egypt rose 5.57% from the start of 2026 through the end of October, despite the international price per ounce falling 30.7% from its record high. The price of a 21-karat gram increased from EGP 5,840 to EGP 6,165, while the ounce fell from $5,594.82 to $3,876.20. The dollar’s rise from EGP 47.25 to EGP 56.05 helped offset part of the global decline. Worldwide, gold was pressured by a stronger dollar and higher yields, as well as investors liquidating positions to meet margin calls. Gold prices in Egypt remain linked to the international price per ounce, the dollar, and local supply and demand; therefore, a fall in global prices does not necessarily translate into a comparable decline in the Egyptian market.

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