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2026-11-03T16:54:40.000Z

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Egypt gold buys rise 5%

Egypt gold buys rise 5%

Egyptians’ purchases of gold bars and coins rose to around 5.9 tonnes in the third quarter of 2026, up 5% year on year, despite falling 6% from the second quarter. The World Gold Council said the weakening Egyptian pound boosted gold’s appeal as a savings and hedging instrument, contrary to the prevailing trend in the region. By contrast, total gold purchases, including bars and jewellery, fell 12.6% quarter on quarter to 9.7 tonnes—the lowest quarterly level in five years.

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