Gold price in Egypt Thursday 16/04/2026

The Egyptian gold market continues to witness significant activity as investors and local consumers closely monitor the daily fluctuations in precious metal rates. Gold remains a primary hedge against inflationary pressures and a cornerstone for personal financial security in Egypt. This daily gold price service is provided by Amtalek, aiming to provide our readers with the most accurate and up-to-date data to assist in making informed investment and purchasing decisions.

Gold Prices in Egyptian Market Today

Gold prices in Egypt are influenced by a variety of local and international factors. While the global spot price of gold sets the baseline, the local market dynamics—including demand, supply, and the prevailing exchange rate—dictate the final retail prices at jewelry shops. It is important to note that these prices can vary slightly between different merchants due to labor costs (known as "masnahiya") and regional differences across the country. Today, Thursday, April 16, 2026, the market reflects the following rates:

Carat	Buy (EGP)	Sell (EGP)
24 Carat	8091	8034
22 Carat	7417	7364
21 Carat	7080	7030
18 Carat	6068	6026
12 Carat	4046	4017
Gold Ounce (Troy Ounce)	251658	249885
Gold Pound (8 grams of 21 Carat)	56640	56240

Highest and Lowest Gold Prices Today

Analyzing the current data provided, we observe a clear hierarchy in gold pricing based on purity and weight. As expected, 24-carat gold, representing the highest purity level, commands the highest price per gram at 8091 EGP for purchase. Conversely, 12-carat gold represents the lowest price point in our list, standing at 4046 EGP.

The price difference between the carats is primarily a reflection of the gold content percentage within the alloy. For instance, the transition from 24-carat to 21-carat—the most popular choice for jewelry in Egypt—shows a notable price adjustment, allowing for varied accessibility for different segments of the market. Furthermore, the Gold Pound, which serves as a standard investment vehicle, is priced at 56640 EGP, reflecting its weight of 8 grams of 21-carat gold plus manufacturing premiums.

Factors Affecting Gold Prices in Egypt

The movement of gold prices is rarely isolated; it is the result of a complex interplay of several macroeconomic indicators:

USD/EGP Exchange Rate: Because gold is priced in US dollars globally, the strength of the Egyptian Pound against the dollar is the most significant local driver. Any volatility in the currency market directly impacts the local price of gold.
Global Gold Market Trends: Egypt is an importer of gold, and thus, local prices are highly sensitive to the movements of the international spot market and the London Bullion Market Association (LBMA) rates.
Central Bank Policies: Decisions regarding interest rates by the Central Bank of Egypt influence investor behavior. High interest rates on savings accounts often draw capital away from gold, while lower rates may encourage investment in precious metals.
Inflation and Economic Conditions: When inflation rises, investors flock to gold as a "safe haven" asset to preserve their purchasing power, increasing the demand and subsequently the price.
International Demand and Supply: Global geopolitical tensions, such as conflicts or trade disputes, often trigger a "flight to safety," pushing up global gold prices, which then filters down to the Egyptian market.

Gold Price Forecast

Looking ahead, the outlook for gold in Egypt remains tied to the broader global economic recovery and local monetary policy. If global inflationary pressures persist and the dollar maintains its current standing, gold is likely to remain in high demand as a reliable store of value. Investors are advised to keep a close eye on upcoming global economic data releases and local central bank announcements. While volatility is an inherent characteristic of the gold market, the long-term trend continues to favor gold as a vital component of a diversified financial portfolio in Egypt. We recommend that potential buyers follow daily updates on Amtalek to capture the best opportunities for acquisition or liquidation.