Gold price in Egypt Wednesday 08/04/2026

The Egyptian gold market is witnessing significant activity today, Wednesday, April 8, 2026, as investors and jewelry enthusiasts closely monitor price fluctuations. Gold remains a cornerstone of the Egyptian investment landscape, serving as a primary hedge against inflation and currency volatility. This comprehensive gold price service is provided to you by Amtalek, your trusted source for real-time market data and financial insights in Egypt.

Gold Prices in Egyptian Market Today

Gold prices in Egypt are subject to constant change, influenced by a complex interplay of local supply and demand dynamics alongside global economic indicators. It is important to note that the prices listed below represent the base market rates. When purchasing jewelry, consumers should expect to pay additional "labor costs" (known as masnogia), which vary significantly depending on the craftsmanship, the brand, and the specific design of the piece. The following table provides the current buying and selling rates for various gold carats in the Egyptian market today.

Carat	Buy (EGP)	Sell (EGP)
24 Carat	8263	8207
22 Carat	7574	7523
21 Carat	7230	7181
18 Carat	6197	6155
12 Carat	4132	4104
Gold Ounce (Troy Ounce)	257008	255266
Gold Pound (8g of 21 Carat)	57840	57448

Highest and Lowest Gold Prices Today

Analyzing today's market data, we observe a clear hierarchy in pricing based on the purity of the metal:

Highest Price: As expected, the 24-carat gold, which represents the purest form of the metal (99.9% gold), holds the highest value at 8263 EGP per gram for buying. The Gold Ounce, due to its weight, remains the highest-priced unit overall.
Lowest Price: Among the standard jewelry carats, 12-carat gold is the most affordable, priced at 4132 EGP per gram for buying. This is often preferred by those looking for durable pieces or lower-budget options.
Price Differences: The gap between 24-carat and 18-carat gold reflects the difference in gold content. Investors typically favor 24-carat for bullion and bars, while 21-carat remains the most popular choice for traditional jewelry in Egypt due to its balance between purity and durability.

Factors Affecting Gold Prices in Egypt

The price of gold in Egypt is not determined in a vacuum. Several macro-economic factors play a vital role:

USD/EGP Exchange Rate: Because gold is priced in USD on the international market, the strength of the US Dollar against the Egyptian Pound is the most significant local driver. A weaker EGP usually leads to higher local gold prices.
Global Gold Market Trends: Egypt is a price-taker on the global stage. Fluctuations in the London or New York bullion markets directly translate to changes in the Egyptian domestic price.
Central Bank Policies: Interest rate decisions by the Central Bank of Egypt influence the attractiveness of gold. When interest rates are high, non-yielding assets like gold may face pressure, though this is often offset by inflation concerns.
Inflation and Economic Conditions: Gold is historically viewed as a "safe haven." During periods of high inflation, Egyptians often turn to gold to preserve the purchasing power of their capital.
International Demand and Supply: Global industrial demand and central bank gold buying programs contribute to the overall upward or downward pressure on the commodity.
Geopolitical Tensions: Regional and international instability often triggers a "flight to safety," increasing the demand for physical gold and driving prices higher.

Gold Price Forecast

Looking ahead to the coming days, the market is expected to remain volatile. While global trends provide a baseline, local liquidity and the seasonal demand for gold jewelry in Egypt will continue to influence local premiums. Investors are advised to keep a close eye on the USD exchange rate and any major announcements from global central banks. As always, gold remains a long-term strategic asset. For those looking to enter the market, it is recommended to monitor Amtalek daily to identify entry points that align with your financial goals.

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