Gold price in Egypt Thursday 07/05/2026

The gold market in Egypt continues to be a focal point for investors and citizens alike, serving as a primary hedge against economic fluctuations and inflationary pressures. As we navigate the trading session on Thursday, May 7, 2026, market participants are closely monitoring the latest movements in precious metal valuations. This comprehensive gold price update is proudly provided by Amtalek, your trusted source for real-time financial market data and real estate insights in Egypt.

Gold Prices in Egyptian Market Today

Gold prices in the local Egyptian market are influenced by a complex interplay of international spot prices and local demand dynamics. The price of gold varies significantly depending on the carat purity, with higher-karat gold commanding a premium due to its higher gold content. Investors often look at these daily fluctuations to determine the best timing for entry or exit in the market. It is important to note that the prices listed below represent the market rates for today, Thursday, May 7, 2026.

Carat	Buy (EGP)	Sell (EGP)
24 Carat	7983	7949
22 Carat	7318	7287
21 Carat	6985	6955
18 Carat	5987	5962
12 Carat	3992	3974
Gold Ounce (Troy)	248299	247242
Gold Pound (8g of 21 Carat)	55880	55640

Highest and Lowest Gold Prices Today

Analyzing today's market data reveals a clear hierarchy in pricing based on gold purity. As expected, 24 Carat gold maintains the highest position in terms of price, reflecting its 99.9% purity level. On the other end of the spectrum, 12 Carat gold serves as the most accessible entry point for those looking to invest in smaller quantities or for decorative purposes.

Highest Price: The Gold Ounce remains the most expensive unit of measure, trading at 248,299 EGP for purchase, reflecting the global benchmark standard. Among the carats, 24 Carat leads at 7,983 EGP.
Lowest Price: 12 Carat gold is the lowest priced option today at 3,992 EGP, providing a lower-cost alternative for retail buyers.
Price Gap: There is a significant margin between the 24 Carat and 18 Carat gold, which is the most popular choice for jewelry manufacturing in Egypt. This difference is dictated by both the intrinsic value of the gold and the labor costs associated with crafting jewelry.

Factors Affecting Gold Prices in Egypt

The price of gold in Egypt is not isolated from global economic indicators. Several critical factors contribute to the daily fluctuations witnessed in the domestic market:

USD/EGP Exchange Rate: Because gold is globally priced in US dollars, any volatility in the local currency exchange rate directly impacts the price of gold in Egyptian pounds. A weaker local currency often leads to higher gold prices.
Global Gold Market Trends: Egypt is a price-taker in the global gold market. Decisions made by the US Federal Reserve or fluctuations in international commodity exchanges significantly influence local market sentiment.
Central Bank Policies: Monetary policies, including interest rate adjustments and reserve requirements, play a pivotal role in shaping the investment landscape, often driving investors toward or away from gold as a store of value.
Inflation and Economic Conditions: When inflation rises, investors typically flock to gold as a traditional "safe haven" asset to protect their purchasing power against the eroding value of fiat currency.
Geopolitical Tensions: Stability in the MENA region and beyond often dictates the "fear index" of the market. During times of geopolitical uncertainty, demand for physical gold usually surges, pushing prices upward.

Gold Price Forecast

Looking ahead to the coming days, the market is expected to remain sensitive to global macroeconomic releases and local supply-demand metrics. If the global trend remains bullish due to persistent inflation concerns, we may see the price of 21 Carat gold—the most widely traded in Egypt—remain supported at current levels. Conversely, any cooling in global inflation data could lead to a temporary stabilization or slight correction. Investors are advised to monitor the Amtalek daily updates to stay informed about these critical market shifts before making significant investment decisions.

Disclaimer: Gold prices are subject to change throughout the day based on market conditions. This report is for informational purposes only and does not constitute financial advice.