Gold price in Egypt Thursday 23/04/2026

The gold market in Egypt continues to be a focal point for investors and individual consumers alike, serving as a primary hedge against economic volatility. As we navigate the trading session of Thursday, April 23, 2026, market participants are closely monitoring fluctuations in local pricing to make informed decisions regarding buying and selling. This comprehensive gold price tracking service is proudly provided by Amtalek, your trusted source for real-time financial updates in the Egyptian market.

Gold Prices in the Egyptian Market Today

Gold prices in Egypt are subject to constant movement, influenced by a complex interplay of local supply and demand dynamics, as well as broader international economic indicators. The value of gold is measured by its purity, known as the "carat," which dictates the amount of pure gold contained within an alloy. For investors and jewelry buyers, understanding these daily variations is essential, as prices can shift significantly within a single trading day based on global market closing prices and local currency performance.

Carat	Buy (EGP)	Sell (EGP)
24k Gold	7977	7943
22k Gold	7312	7281
21k Gold	6980	6950
18k Gold	5983	5957
12k Gold	3988	3972
Gold Ounce (Troy Ounce)	248112	247055
Gold Pound (8g of 21k)	55840	55600

Highest and Lowest Gold Prices Today

Based on the current market data for April 23, 2026, we can observe distinct trends in valuation across different categories:

Highest Price: As expected, the Gold Ounce (Troy Ounce) commands the highest market value at 248,112 EGP for buying, reflecting its role as a standard unit for international investment and institutional holdings. Among jewelry carats, 24k gold remains the most expensive at 7,977 EGP.
Lowest Price: The 12k gold carat represents the lowest price point in today’s list, trading at 3,988 EGP. This is due to its lower purity content, making it a more accessible entry point for those looking to purchase gold jewelry.
Price Disparities: The gap between 24k and 18k gold is significant, highlighting the premium placed on purity. Furthermore, the Gold Pound, which serves as a popular savings vehicle for Egyptians, is priced at 55,840 EGP, representing the value of 8 grams of 21k gold plus the manufacturer's premium.

Factors Affecting Gold Prices in Egypt

The price of gold in Egypt is rarely static, driven by a blend of domestic and international factors. Understanding these variables is key to predicting market movements:

USD/EGP Exchange Rate: Because gold is priced in US dollars globally, any fluctuation in the strength of the Egyptian Pound against the Dollar directly impacts the local price of gold. A weaker EGP usually leads to higher local gold prices.
Global Gold Market Trends: Egypt is a price-taker in the global gold market. International spot prices, influenced by the US Federal Reserve's interest rate decisions, play a massive role in setting the base price for Egyptian bullion.
Central Bank Policies: Monetary policies, including interest rate hikes or shifts in reserve requirements, affect how much capital flows into physical gold versus interest-bearing assets.
Inflation and Economic Conditions: During periods of high inflation, gold is traditionally sought as a "safe haven" asset, which drives up demand and, consequently, prices.
International Demand and Supply: Global industrial demand for gold, alongside central bank buying trends in major economies, influences the overall scarcity and cost of the precious metal.
Geopolitical Tensions: Global instability, conflicts, and trade uncertainties often push investors toward gold, causing prices to spike due to its perceived security during times of crisis.

Gold Price Forecast

Looking ahead for the remainder of the week, market analysts suggest that gold prices in Egypt will likely remain sensitive to the performance of the global spot market. If international gold prices maintain their current momentum, we may see continued stability or slight upward pressure in local markets. However, investors are advised to keep a close eye on currency fluctuations and any major economic announcements. Given the current volatility, gold remains a critical component for those looking to protect their purchasing power. For the most up-to-date analysis and daily price tracking, continue to follow the market reports provided by Amtalek.