Cairo, July 28, 2025 , Gold prices in Egypt saw another dip on Sunday, with the popular 21 carat gold falling to EGP 3,135 per gram in the local markets. The decline reflects ongoing volatility in the global and local precious metals markets.
The 21 carat category, which is the most commonly traded in Egypt for jewelry purchases, dropped from previous levels amid shifts in demand and international price fluctuations. The 24 carat gold, often considered the purest form, is now priced at EGP 3,580 per gram. Meanwhile, 18 carat gold has been recorded at EGP 2,685 per gram, and 14 carat gold stands at EGP 2,087.
The gold pound (approx. 8 grams of 21 carat gold) has also decreased, now costing EGP 25,080.
Experts point to several factors influencing the downtrend, including lower global gold rates and reduced buying activity within Egypt. Market observers suggest that consumer hesitation, especially around investment grade gold, is contributing to the ongoing price reduction.
It’s important to note that gold prices in Egypt vary between shops and cities, depending on craftsmanship costs and market dynamics. While international rates play a major role, local supply demand balances also impact daily price movements.
As gold remains a key hedge against inflation and currency instability, many Egyptians continue to monitor its performance closely, especially amid uncertain economic conditions.
Key Points:
- 21 carat gold falls to EGP 3,135 per gram, continuing its downward trend.
- 24 carat gold now priced at EGP 3,580 per gram.
- 18 carat and 14 carat gold are priced at EGP 2,685 and EGP 2,087 per gram, respectively.
- Gold pound (8 grams of 21 carat) costs EGP 25,080.
- The decline is influenced by lower global gold rates and reduced local demand.
- Craftsmanship fees and regional pricing differences affect gold prices across Egypt.
- Gold remains a popular store of value amid inflation and currency concerns.
- Experts advise closely tracking market trends for informed investment decisions.
