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Gold Jewelry Sales Rise in Egypt Early 2026
The Egyptian market has experienced an increase in sales of gold jewelry over the first seven months of 2026, primarily due to the decline in gold prices compared to the record levels seen at the beginning of the year. This trend is partly attributed to the escalation of the war in the Middle East and rising oil prices, which led to a fall in global gold prices, prompting consumers to resume purchasing actively. Despite gold’s gains throughout the year being somewhat subdued, the price of 21-karat gold has risen by about 150 Egyptian pounds since the start of the year up to mid-year. This increase has helped stimulate demand for gold jewelry, particularly for savings and decorative purposes. Additionally, the Egyptian gold jewelry industry has seen advancements in manufacturing quality and a diversification of designs, with new models catering to various tastes and weights. These developments have helped expand the customer base and boost sales.
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