Gold prices of various carats continued their upward trajectory on Tuesday in Egypt’s local bullion markets, extending their record-breaking rally both domestically and globally since the outbreak of escalating tensions in the Middle East and the Israeli and U.S. military strikes on Iran.
The price of 21-karat gold — the most in-demand category in Egypt — recorded EGP 7,450 per gram for buying, excluding workmanship (manufacturing fees), marking an increase of EGP 50 per gram compared to Monday evening’s prices.
24K Gold Price in Egypt Today
The price of 24-karat gold reached:
- EGP 8,514 per gram for buying
- EGP 8,458 per gram for selling
During Tuesday’s trading at gold shops, excluding workmanship fees.
22K Gold Price Today
22-karat gold recorded:
- EGP 7,805 per gram for buying
- EGP 7,752 per gram for selling
In Tuesday’s local market transactions, excluding workmanship.
21K Gold Price Today in Egypt
21-karat gold — the most widely traded in the Egyptian market — registered:
- EGP 7,450 per gram for buying
- EGP 7,400 per gram for selling
Excluding manufacturing charges.
18K Gold Price Today
18-karat gold reached:
- EGP 6,386 per gram for buying
- EGP 6,340 per gram for selling
In Tuesday’s trading, excluding workmanship.
14K Gold Price Today
14-karat gold recorded:
- EGP 4,967 per gram for buying
- EGP 4,927 per gram for selling
Without workmanship fees.
12K Gold Price Today
12-karat gold registered:
- EGP 4,257 per gram for buying
- EGP 4,229 per gram for selling
During Tuesday’s transactions, excluding manufacturing costs.
Gold Ounce Price in Egypt Today
The price of one ounce of gold in the local market stood at:
- EGP 263,856.05 for buying
- EGP 263,831.13 for selling
Excluding workmanship.
Gold Pound (Guinea) Price Today in Egypt
The gold pound recorded:
- EGP 59,600 for buying
- EGP 59,200 for selling
In Tuesday’s trading at gold shops, excluding workmanship.
Global Gold Ounce Price Today
Globally, the price of gold per ounce reached:
- USD 5,297.83 for buying
- USD 5,298.83 for selling
During Tuesday’s trading in international gold markets.
Global Gold Prices Extend Record Gains
Gold prices worldwide continued their record-breaking surge on Tuesday amid growing uncertainty in global markets due to escalating geopolitical tensions in the Middle East. The rally has been fueled by U.S. and Israeli military strikes on Iran, as well as Iranian missile and drone attacks targeting Israel and several Gulf countries.
In February alone, gold posted a 7.8% increase, marking its seventh consecutive monthly gain. This strong performance reinforces expectations that 21-karat gold in Egypt could climb above EGP 7,600 in the coming sessions, provided global support for the precious metal persists.
Oil prices also rose, alongside an increase in the U.S. Dollar Index, reflecting heightened investor caution across international markets.
Strong Gains in Gold Futures and Spot Contracts
Gold futures surged to USD 5,296.76 per ounce, up 1.97%, while spot gold climbed to USD 5,279.22 per ounce, marking a 1.81% increase.
Meanwhile, the U.S. Dollar Index declined by 0.14% to 97.65 points against a basket of major currencies, including the euro and the British pound, further supporting gold’s upward momentum as a safe-haven asset during periods of geopolitical instability.
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Gold Prices in Egypt Surge on Monday Amid Escalating Regional Tensions
