Gold price in Egypt Monday 16/03/2026

The gold market in Egypt continues to capture the attention of investors and citizens alike as the precious metal remains a primary hedge against economic fluctuations. As we begin the new week, market participants are closely monitoring price adjustments to determine the best timing for buying or selling. This comprehensive daily gold price service is proudly provided by Amtalek, your trusted source for real estate and financial market updates in Egypt.

Gold Prices in Egyptian Market Today

Gold prices in the Egyptian market are influenced by a complex interplay of local demand, global spot prices, and currency valuations. It is important for buyers and investors to note that prices can fluctuate throughout the trading day based on market conditions and the specific policies of local gold retailers. While the rates provided reflect the general market trend, individual jewelers may apply varying "labor costs" (known locally as masnogiyah) depending on the design and craftsmanship of the gold pieces.

Carat	Buy (EGP)	Sell (EGP)
24 Carat Gold	8389	8333
22 Carat Gold	7690	7639
21 Carat Gold	7340	7291
18 Carat Gold	6292	6250
12 Carat Gold	4194	4166
Gold Ounce (Troy Ounce)	260927	259185
Gold Pound (8g of 21 Carat)	58720	58328

Highest and Lowest Gold Prices Today

An analysis of today's market data reveals significant variations across different carats, reflecting their purity levels and market demand:

Highest Price: As expected, 24-carat gold commands the highest value per gram, trading at 8389 EGP for buying. This is attributed to its high purity (99.9% gold), making it the preferred choice for bullion investors.
Lowest Price: Among the standard carats listed, 12-carat gold represents the lowest price point at 4194 EGP for buying, catering to those looking for more affordable jewelry options with lower gold content.
Market Benchmarks: The 21-carat gold remains the most popular choice in the Egyptian market for jewelry, serving as the benchmark for the "Gold Pound," which is currently priced at 58720 EGP. The price gap between 24-carat and 18-carat gold highlights the premium investors pay for high-purity assets compared to jewelry-grade metals.

Factors Affecting Gold Prices in Egypt

The price of gold in Egypt does not exist in a vacuum. Several key economic variables dictate the daily movement of these figures:

USD/EGP Exchange Rate: Because gold is internationally priced in US dollars, any fluctuation in the Egyptian pound's exchange rate directly impacts the local price of gold. A weaker local currency typically leads to higher gold prices in EGP.
Global Gold Market Trends: Egypt is a price-taker in the international market. Movements in the London or New York precious metals exchanges, driven by global demand, heavily influence local prices.
Central Bank Policies: Interest rate decisions and monetary policies implemented by the Central Bank of Egypt play a crucial role in shaping investor behavior, often steering capital toward or away from gold as a store of value.
Inflation and Economic Conditions: As a traditional "safe-haven" asset, gold demand often rises during periods of high inflation, as investors seek to protect their purchasing power.
Geopolitical Tensions: Regional and global instability often trigger a "flight to safety," increasing the demand for gold and driving prices upward on the international stage.

Gold Price Forecast

Looking ahead for the remainder of the week, the outlook for gold in Egypt remains cautious. Market analysts suggest that if the global spot price continues to show resilience against the backdrop of international economic uncertainty, local prices in Egypt are likely to maintain their current levels or see slight upward pressure. Investors are advised to monitor the daily Amtalek gold updates to stay informed on sudden market shifts. As always, gold should be viewed as a long-term investment strategy rather than a short-term speculative tool, particularly in the current volatile economic environment.

Disclaimer: This report is for informational purposes only and does not constitute financial advice. Gold prices are subject to change throughout the day. Please consult with a professional financial advisor before making any investment decisions.