Gold Price in Egypt Wednesday 06/05/2026

Welcome to our daily financial update regarding the precious metals market in Egypt. As the economic landscape continues to evolve, staying informed about the fluctuations in gold prices is essential for both investors and individuals looking to protect their savings. This comprehensive gold price tracking service is proudly provided by Amtalek, your trusted source for real-time market data and insights.

Today, Wednesday, May 6, 2026, the Egyptian gold market is experiencing notable activity as traders monitor both domestic supply and international valuation shifts. Gold remains the primary hedge against inflation in Egypt, and today’s performance reflects the ongoing sensitivity of the local market to global financial pressures.

Gold Prices in the Egyptian Market Today

In the Egyptian market, gold prices are not static; they fluctuate throughout the trading day based on several variables, including the purity of the metal (measured in karats), the weight of the piece, and the current labor costs added by jewelers. It is important to note that the prices listed below represent the raw material valuation before the addition of "masnahiya" (labor fees), which varies significantly between different brands and designs.

Carat	Buy (EGP)	Sell (EGP)
24 Carat	7869	7835
22 Carat	7213	7182
21 Carat	6885	6856
18 Carat	5902	5876
12 Carat	3934	3918
Gold Ounce (Troy Ounce)	244753	243696
Gold Pound (8g of 21 Carat)	55080	54848

Highest and Lowest Gold Prices Today

A detailed analysis of today’s market data reveals clear hierarchies in pricing based on purity and weight:

Highest Price: As expected, 24-carat gold commands the highest value per gram, trading at 7869 EGP for buying. The gold ounce, which is a standard international unit of measurement, holds the highest absolute value due to its weight, currently sitting at 244,753 EGP.
Lowest Price: Among the standard jewelry carats, 12-carat gold represents the lowest price point, trading at 3934 EGP for buying. This reflects its lower gold content compared to the more popular 18 and 21-carat varieties.
Price Differences: The gap between 24-carat and 18-carat gold remains significant, catering to different segments of the market. Investors typically favor 24-carat for bullion and bars, while 21-carat and 18-carat remain the traditional choices for jewelry consumption in Egypt.

Factors Affecting Gold Prices in Egypt

The price of gold in Egypt is influenced by a complex interplay of internal and external economic factors:

USD/EGP Exchange Rate: Because gold is priced globally in US dollars, any fluctuation in the strength of the dollar against the Egyptian pound directly impacts the local price. A weaker pound generally drives gold prices higher.
Global Market Trends: Egypt is an active participant in the global gold market. When the international price of gold on the London or New York exchanges rises, domestic prices in Egypt follow suit almost immediately.
Central Bank Policies: Interest rate adjustments by the Central Bank of Egypt play a crucial role. Higher interest rates can sometimes dampen gold demand as investors shift toward fixed-income assets, while lower rates may boost gold’s appeal.
Inflation and Economic Conditions: In times of high inflation, gold is historically viewed as a "safe haven" asset. Egyptians often purchase gold to preserve their purchasing power when the local currency faces inflationary pressure.
Supply and Demand: Seasonal demand—such as wedding seasons or religious holidays—can cause local premiums on gold jewelry to rise, even if the international price remains stable.
Geopolitical Tensions: Global instability often leads to a "flight to safety," where investors globally buy gold, driving up the international price and, consequently, the price in Egypt.

Gold Price Forecast

Looking ahead, market analysts suggest that gold prices in Egypt will continue to be characterized by volatility. As we move through May 2026, the trajectory of gold will largely depend on upcoming global economic reports and local central bank announcements. If international market uncertainty persists, gold is likely to maintain its current price levels or potentially trend upward. Investors are advised to monitor these daily updates provided by Amtalek to make informed decisions regarding their portfolio allocations and personal purchases.

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