Gold price in Egypt Tuesday 28/04/2026

Tuesday, April 28, 2026

The Egyptian gold market continues to witness significant fluctuations as investors and local consumers closely monitor daily shifts. As part of our commitment to providing accurate financial data, this daily gold price service is proudly provided by Amtalek. Our goal is to ensure that gold traders, jewelry buyers, and economic analysts have access to the most reliable and up-to-date pricing information to make informed financial decisions in the current economic climate.

Gold Prices in Egyptian Market Today

Gold prices in Egypt are influenced by a complex interplay of local market dynamics and global financial trends. It is important to note that the prices listed below represent the market average and may vary slightly depending on the merchant, labor costs (known as "masnahiya"), and the specific retail location. Investors generally distinguish between the buying price (the cost to purchase from the dealer) and the selling price (the amount a dealer pays to buy back gold from a consumer). Understanding these variations is essential for anyone looking to invest in precious metals today.

Carat	Buying Price (EGP)	Selling Price (EGP)
24 Carat	7983	7960
22 Carat	7318	7297
21 Carat	6985	6965
18 Carat	5987	5970
12 Carat	3992	3980
Gold Ounce (Troy Ounce)	248299	247584
Gold Pound (8g of 21 Carat)	55880	55720

Highest and Lowest Gold Prices Today

Based on the data provided for this Tuesday, we can observe clear distinctions in the valuation of gold across different purities:

Highest Price: As expected, 24-carat gold maintains the highest valuation, reflecting its status as the purest form of gold available on the market. The Gold Ounce remains the most significant unit for institutional and high-volume traders, reaching a buying price of 248,299 EGP.
Lowest Price: Among the standard jewelry carats, 12-carat gold represents the lowest price point, trading at 3,992 EGP for buying, making it a more accessible option for those looking to invest in smaller quantities or lower-purity items.
Price Differences: The gap between 18-carat and 21-carat gold reflects the market's demand for high-quality jewelry, with a difference of approximately 998 EGP between the two. These price increments are proportional to the gold content percentage within each alloy.

Factors Affecting Gold Prices in Egypt

The price of gold in Egypt is not isolated from the global economy. Several critical factors contribute to the daily fluctuations witnessed today:

USD/EGP Exchange Rate: Because gold is a dollar-denominated asset globally, the strength of the US Dollar against the Egyptian Pound is the primary driver of domestic gold prices. Any devaluation or appreciation of the local currency directly impacts the cost of importing gold.
Global Market Trends: The international spot price of gold, traded on major exchanges like the LBMA or COMEX, sets the baseline for local pricing.
Central Bank Policies: Interest rate decisions by the Central Bank of Egypt influence investor behavior. When interest rates are high, non-yielding assets like gold may face downward pressure, whereas lower rates often encourage gold investment.
Inflation and Economic Conditions: Gold is historically viewed as a "safe haven" asset. During periods of high inflation, Egyptians often turn to gold to hedge against the erosion of purchasing power.
Geopolitical Tensions: Regional and global instability often lead to a "flight to safety," increasing demand for gold and driving prices upward.

Gold Price Forecast

Looking ahead for the remainder of the week, the outlook for gold in Egypt remains cautious. Market analysts suggest that if the global spot price maintains its current momentum and the local currency remains stable, we may see a period of consolidation. However, potential buyers should remain vigilant of any sudden shifts in international commodity markets or local economic policy announcements, which could trigger volatility. For those looking to invest, diversifying purchases over time—often referred to as "dollar-cost averaging"—remains a recommended strategy to mitigate the risks associated with daily price swings.

Disclaimer: This report is for informational purposes only. Gold prices are subject to change throughout the day based on market volatility. Please consult with authorized gold dealers before making significant financial transactions.