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Calm in Egypt Gold Market

Calm in Egypt Gold Market

Gold prices in Egypt were steady on Wednesday morning, November 4, 2026. The 21-karat price stood at about EGP 6,140, 24-karat at EGP 7,017, and 18-karat at EGP 5,263, while the gold pound reached EGP 49,120. Prices steadied after fluctuations in which the 21-karat price rose by around EGP 25 before falling by EGP 20, as markets watched global ounce movements and the dollar’s exchange rate against the pound. Egyptians’ gold purchases fell to 9.7 tonnes in the third quarter, down 12.6% from the previous quarter and marking their lowest quarterly level in five years. The World Gold Council also cut its forecast for growth in global gold investment to 200 tonnes from 400 tonnes.

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