Gold prices in Egypt recorded a slight increase at the start of trading on Wednesday in local jewelry markets, amid continued volatility in the gold market over recent days. The price movement comes as geopolitical tensions escalate in the Middle East, particularly following the exchange of military strikes between the United States, Israel, and Iran—developments that have pushed global gold prices to fluctuate as investors turn to the precious metal as a safe-haven asset during periods of uncertainty.
The price of 21-karat gold in Egypt today, the most widely traded and demanded gold category in the Egyptian market, reached EGP 7,470 per gram for buying and EGP 7,420 for selling at the start of Wednesday’s trading in jewelry shops, excluding workmanship (manufacturing) fees.
Egypt’s local gold market has recently witnessed noticeable price fluctuations after several consecutive days of increases driven by geopolitical developments in the region, as well as movements in global gold markets.
24-Karat Gold Price in Egypt Today
The price of 24-karat gold, the purest gold category available in the market, recorded EGP 8,537 per gram for buying and EGP 8,481 for selling at the start of trading on Wednesday in Egyptian jewelry shops, excluding manufacturing fees.
This karat is typically favored for gold bullion and investment purposes due to its high purity.
22-Karat Gold Price in Egypt Today
The price of 22-karat gold in Egyptian jewelry markets reached EGP 7,826 per gram for buying and EGP 7,773 for selling at the start of trading on Wednesday , without manufacturing fees.
This karat is widely used in jewelry in several regional markets and in some gold ornaments.
21-Karat Gold Price in Egypt Today
Meanwhile, 21-karat gold, the most common gold category in the Egyptian market and widely used in wedding jewelry and traditional ornaments, recorded EGP 7,470 per gram for buying and EGP 7,420 for selling at the start of trading on Wednesday in jewelry stores, excluding workmanship costs.
This category is considered the main indicator followed by consumers when monitoring daily gold prices in Egypt.
18-Karat Gold Price in Egypt Today
The price of 18-karat gold reached EGP 6,403 per gram for buying and EGP 6,357 for selling at the beginning of Tuesday’s trading in Egyptian jewelry shops, excluding manufacturing costs.
This karat is popular in modern jewelry designs due to its relatively lower price compared with higher karats.
14-Karat Gold Price in Egypt Today
The price of 14-karat gold recorded EGP 4,980 per gram for buying and EGP 4,940 for selling at the start of trading on Wednesday in jewelry stores across Egypt, excluding manufacturing fees.
This karat is less common in Egypt compared to 21-karat and 18-karat gold.
12-Karat Gold Price in Egypt Today
Meanwhile, 12-karat gold was priced at EGP 4,268.50 per gram for buying and EGP 4,240.50 for selling at the start of Wednesday’s trading in Egyptian jewelry markets, excluding workmanship fees.
Gold Pound Price in Egypt Today
The Egyptian gold pound recorded EGP 59,760 for buying and EGP 59,360 for selling at the start of trading on Wednesday in local jewelry shops, excluding manufacturing and tax costs.
The gold pound is widely favored by individuals and investors seeking to store value and hedge against market volatility.
Gold Ounce Price in Egypt Today
The price of a gold ounce in the Egyptian local market reached EGP 269,516.70 for buying and EGP 269,490.75 for selling at the start of Wednesday’s trading in jewelry shops, excluding manufacturing costs.
Global Gold Price Today
Globally, the price of a gold ounce in international markets recorded USD 5,185.30 for buying and USD 5,186.30 for selling at the start of trading on Wednesday, as investors closely monitor global economic and geopolitical developments that directly influence international gold prices.
Why Gold Prices Fluctuate in Egypt
Gold prices in Egypt are influenced by several key factors, including:
- Global gold prices in international markets
- The exchange rate of the U.S. dollar against the Egyptian pound
- Supply and demand dynamics in the domestic market
- Geopolitical tensions worldwide, which often drive investors toward gold as a safe-haven asset.
Recent developments in the Middle East have heightened uncertainty in both global and local markets, contributing to the latest fluctuations in gold prices in Egypt.
Important Note on Gold Prices
It should be noted that the prices mentioned in this report represent the price of raw gold per gram without manufacturing fees. The value of workmanship (manufacturing costs) varies from one jewelry shop to another and from one region to another. These fees are added only when purchasing gold jewelry, which results in a higher final price paid by consumers at jewelry stores.
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