Gold price in Egypt Sunday 03/05/2026

As we navigate the economic landscape of Sunday, May 3, 2026, the Egyptian gold market continues to be a focal point for investors, savers, and those looking to hedge against inflationary pressures. Gold remains the traditional safe haven in Egypt, drawing significant attention from both local retail buyers and institutional investors. This daily gold price service is proudly provided by Amtalek, your trusted source for real-time market updates and real estate insights.

Gold Prices in Egyptian Market Today

Gold prices in Egypt are subject to constant fluctuations driven by the interplay between local market dynamics and global economic indicators. It is essential to note that the prices listed below represent the market average for buying and selling. When purchasing gold, consumers should also be aware that "making charges" (the cost of craftsmanship) are typically added to these base rates by jewelers, which can vary significantly depending on the design and the brand.CaratBuy (EGP)Sell (EGP)24 Karat

7943790922 Karat

7281725021 Karat

6950692018 Karat

5957593212 Karat

39723954Gold Ounce (Troy Ounce)

247055245997Gold Pound (8g of 21 Karat)

5560055360

Highest and Lowest Gold Prices Today

Analyzing today's market data reveals a clear hierarchy in pricing based on gold purity and unit weight. The 24 Karat gold, being the purest form (99.9% gold), holds the highest price per gram at 7943 EGP for buying. Conversely, the 12 Karat gold sits at the lower end of the spectrum with a buying price of 3972 EGP, reflecting its lower gold content.The Gold Pound, which serves as a benchmark for local investment, is priced at 55600 EGP. It is important for investors to note that the price difference between carats is strictly proportional to the percentage of gold content. As the purity decreases, the price per gram decreases accordingly, allowing for a diverse range of entry points for Egyptian consumers looking to invest in precious metals.

Factors Affecting Gold Prices in Egypt

The price of gold in Egypt is not determined in isolation. Several macro-economic factors exert influence on the daily rates:

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 local price of gold. A depreciation of the EGP usually leads to an increase in gold prices in the local market.
Global Gold Market Trends: Egypt is a price-taker in the global gold market. Movements on the London Bullion Market Association (LBMA) or COMEX influence the base price of the Troy Ounce, which trickles down to local retail prices.
Central Bank Policies: Interest rate decisions by the Central Bank of Egypt play a crucial role. Higher interest rates often make gold less attractive as a non-yielding asset, while lower rates can trigger a surge in gold demand.
Inflationary Pressures: Gold is historically viewed as a hedge against inflation. When inflation rises, investors flock to gold to preserve their purchasing power, driving prices upward.
Geopolitical Tensions: Global instability often leads to a "flight to safety," where investors move capital away from volatile stocks and currencies into gold, pushing up international prices.
Local Demand and Supply: Seasonal events, such as wedding seasons and religious holidays, significantly boost local demand, which can create price premiums regardless of global trends.

Gold Price Forecast

Looking ahead, market sentiment remains cautious but optimistic regarding gold’s performance. Given the current global economic uncertainties and the ongoing focus on monetary policy adjustments, gold is likely to maintain its upward trajectory or remain stable at elevated levels. Investors are advised to monitor the daily updates provided by Amtalek to make informed decisions. While short-term volatility is expected, the long-term outlook for gold as a store of value in the Egyptian market remains robust.Disclaimer: Gold prices are subject to change throughout the day based on market conditions. This information is for educational and informational purposes only and does not constitute financial advice.