Gold prices in Egypt rose today, , driven by gains in the global market and momentum from yesterday’s performance. The increase comes as Egypt continues to develop a strategy to boost its gold exports by investing in the industry across all stages, aiming to build a competitive global presence.
Here’s a breakdown of today’s gold prices in Egyptian pounds, as of :
- 24-karat gold: 7,657 EGP per gram
- 21-karat gold: 6,700 EGP per gram
- 18-karat gold: 5,742 EGP per gram
- Gold pound: 53,600 EGP
The current rise in domestic gold prices is supported by a second consecutive day of gains in the global market, following a period of volatility caused by uncertainty in market direction. According to reports, the Egyptian gold market has been particularly sensitive to global price movements.
While the exchange rate between the Egyptian pound and the US dollar has seen a gradual increase, its impact on gold pricing has been limited. The primary driver of local gold price fluctuations remains the price of gold per ounce on the international market.
Data from Bullion Rates shows a fluctuating gold price in Egypt throughout February 2026. On , the price per ounce was 219,403 EGP, while by it had risen to 237,399 EGP. This demonstrates the volatility experienced in the market during the month.
The Egyptian government’s focus on increasing gold exports highlights a broader strategy to diversify the country’s economy and enhance its position in the global commodities market. The initiative aims to support the entire gold industry value chain, from mining and refining to manufacturing and trade. This includes investments in infrastructure, technology, and skills development.
The recent price increases come amid broader global economic trends. According to exchange-rates.org, gold prices fluctuate daily in global markets, and Egypt’s prices can vary due to changes in the Egyptian pound exchange rate. This sensitivity to currency fluctuations underscores the importance of monitoring both domestic and international economic factors when analyzing the Egyptian gold market.
The IMF’s International Financial Statistics data, while not directly referencing Egypt’s gold market, provides context on the broader economic factors influencing currency valuations and commodity pricing. Understanding these macroeconomic forces is crucial for interpreting gold price movements in Egypt.
The Egyptian gold market is also influenced by local demand, particularly during wedding seasons and religious holidays. These periods typically see a surge in gold purchases, further impacting prices. The government’s efforts to formalize the gold industry and attract investment are expected to contribute to greater stability and transparency in the market.
Looking ahead, the trajectory of gold prices in Egypt will likely depend on a combination of global economic conditions, currency fluctuations, and the success of the government’s export-oriented strategy. Monitoring these factors will be essential for investors and industry stakeholders seeking to navigate the Egyptian gold market.
The price of gold per gram in Alexandria on was 8,780 EGP for 24K gold and 116.43 EGP for silver, according to marketshost.com. Platinum was trading at 3,209.89 EGP per gram, and palladium at 2,601.38 EGP per gram. The exchange rate at that time was 47.5672 EGP per USD.
