Gold price in Egypt Saturday 23/05/2026

As we navigate the trading session of Saturday, May 23, 2026, the Egyptian gold market continues to be a focal point for both investors and individuals seeking to hedge against inflationary pressures. Gold remains a cornerstone of the Egyptian financial landscape, serving as a reliable store of value amidst fluctuating economic indicators. This comprehensive daily gold price service is proudly provided by Amtalek, your trusted source for real-time market updates and financial insights in Egypt.

Gold Prices in Egyptian Market Today

The gold market in Egypt is characterized by its dynamic nature, influenced by a variety of local and international variables. Prices for different gold carats fluctuate daily based on purity levels, manufacturing costs (known as "damgha" and "masna'iya"), and the overall supply-demand balance within the local jewelry market. Investors are advised to monitor these fluctuations closely, as even minor shifts in the global bullion market can have a cascading effect on local retail prices.

Carat	Buy (EGP)	Sell (EGP)
24 Carat	7783	7749
22 Carat	7134	7103
21 Carat	6810	6780
18 Carat	5837	5812
12 Carat	3892	3874
Gold Ounce (Troy Ounce)	242078	241021
Gold Pound (8g of 21 Carat)	54480	54240

Highest and Lowest Gold Prices Today

Analyzing today's data, we observe a clear hierarchy in pricing based on the purity of the gold. The 24 Carat gold, being the purest form available, commands the highest price point in the market, reflecting its status as the benchmark for bullion and investment-grade gold. Conversely, 12 Carat gold represents the lowest price point, as it contains a higher proportion of alloy metals compared to its precious gold content.

The price gap between the various carats is proportional to the gold content percentage. For instance, the difference between 24 Carat and 21 Carat remains a key metric for retail buyers, as 21 Carat is the most widely traded form of jewelry in Egypt. The Gold Pound, which serves as a popular investment vehicle, is priced based on its weight of 8 grams of 21 Carat gold, plus a small premium for its minted form.

Factors Affecting Gold Prices in Egypt

Several critical factors dictate the movement of gold prices in the Egyptian market. Understanding these elements is essential for making informed financial decisions:

USD/EGP Exchange Rate: Because gold is globally priced in US dollars, any fluctuation in the strength of the Egyptian pound against the dollar directly impacts the domestic price of gold.
Global Gold Market Trends: Egypt is an integral part of the global economy. Trends on the London and New York stock exchanges, as well as the movement of the US Treasury yields, heavily influence the price of the gold ounce.
Central Bank Policies: Monetary decisions, including interest rate adjustments and reserve requirements set by the Central Bank of Egypt, play a pivotal role in determining the attractiveness of gold as an alternative investment.
Inflation and Economic Conditions: During periods of high inflation, gold is historically sought after as a "safe haven" asset to preserve purchasing power.
International Supply and Demand: Global mining output and industrial demand for gold (in technology and electronics) create the baseline prices that eventually trickle down to the Egyptian retail market.
Geopolitical Tensions: Stability in the Middle East and global trade tensions often trigger a flight to safety, driving up the price of precious metals globally.

Gold Price Forecast

Looking ahead, the market sentiment for gold in Egypt remains cautiously optimistic. While short-term volatility is expected due to ongoing global economic uncertainties, the long-term outlook for gold remains robust. Investors should watch for upcoming central bank announcements and global inflation data, which are likely to serve as catalysts for price movements in the coming days. As always, Amtalek recommends that potential buyers consult with certified jewelers and keep a close eye on daily market reports to navigate the current economic landscape effectively.