Gold price in Egypt Wednesday 29/04/2026

Wednesday, 29 April 2026

The Egyptian gold market continues to be a focal point for investors and citizens alike, serving as a primary hedge against economic fluctuations and inflationary pressures. As we track the daily movements of the precious metal, it is essential to stay informed about the latest market updates. This daily gold price service is provided by Amtalek to ensure that our readers have access to accurate, real-time data to make informed financial decisions regarding their investments and savings.

Gold Prices in Egyptian Market Today

Gold prices in Egypt are subject to constant change, influenced by a complex interplay of local market dynamics and international benchmarks. Prices vary significantly depending on the carat purity, which dictates the percentage of pure gold present in the jewelry or bullion. Today, the market reflects a specific valuation trend that investors should monitor closely. Below is the detailed breakdown of the current gold prices in the Egyptian market, reflecting the latest buy and sell rates for various carats.

Carat	Buy (EGP)	Sell (EGP)
24 Carat	7874	7840
22 Carat	7218	7187
21 Carat	6890	6860
18 Carat	5906	5880
12 Carat	3937	3920
Gold Ounce (Troy Ounce)	244909	243851
Gold Pound (8g of 21 Carat)	55120	54880

Highest and Lowest Gold Prices Today

Analyzing today's data, we observe a clear hierarchy in pricing based on gold content. The 24-carat gold remains the highest-priced category, representing the purest form of gold available for investment, trading at 7874 EGP for purchase. Conversely, the 12-carat gold holds the lowest price point among the standard carats listed, standing at 3937 EGP. The Gold Ounce, which serves as a global benchmark, reflects the highest absolute value in the table at 244909 EGP, catering primarily to institutional investors and large-scale gold traders. The price gap between these carats is proportional to their gold purity, allowing consumers to choose the option that best fits their budget and investment goals.

Factors Affecting Gold Prices in Egypt

The price of gold in Egypt is not isolated from global and local economic variables. Understanding these factors is crucial for any market participant:

USD/EGP Exchange Rate: As gold is internationally priced in US Dollars, the strength of the Egyptian Pound against the dollar is the most significant domestic driver of price volatility.
Global Gold Market Trends: Local prices often mirror trends on the London Bullion Market and the COMEX, where international demand and supply dictate the base price of the Troy Ounce.
Central Bank Policies: Interest rate decisions by the Central Bank of Egypt influence investor behavior; when interest rates are low, gold often becomes a more attractive alternative to traditional savings accounts.
Inflation and Economic Conditions: Gold is historically viewed as a "safe haven" asset. During periods of high inflation, demand for gold typically spikes as individuals seek to preserve the purchasing power of their wealth.
Geopolitical Tensions: Regional and global conflicts tend to drive investors toward safe assets, causing gold prices to rise during times of uncertainty.

Gold Price Forecast

Looking ahead to the coming days, the gold market in Egypt is expected to remain sensitive to international market sentiment and local liquidity conditions. While short-term fluctuations are inevitable, the ongoing global economic landscape suggests that gold will continue to maintain its relevance as a strategic asset. Investors are advised to monitor the daily Amtalek reports to stay updated on sudden shifts. Those looking to enter the market should consider a dollar-cost averaging strategy to mitigate the risks associated with daily price volatility. As always, market conditions can change rapidly, and maintaining a diversified portfolio remains the most prudent approach for long-term wealth preservation.