Gold prices rose in the local market in trading on Friday 16 October 2026 compared with yesterday's levels. A gram of 21-karat gold stood at about EGP 6,240 for selling and EGP 6,200 for buying, while the global ounce traded at about USD 4,185.15.

Gold prices today in Egypt

  • 24-karat: EGP 7,130.

  • 21-karat: EGP 6,240.

  • 18-karat: EGP 5,350.

  • 14-karat: EGP 4,160.

  • Gold pound: EGP 49,920.

  • Ounce in EGP: EGP 221,810.

  • Ounce in USD: USD 4,185.15.

Gold prices today vs. yesterday

Gold prices rose in the local market in trading on Friday 16 October 2026 compared with yesterday's levels. A gram of 21-karat gold gained about EGP 100 for selling and EGP 110 for buying, reaching EGP 6,240 for selling and EGP 6,200 for buying, against EGP 6,140 for selling and EGP 6,090 for buying yesterday.

A gram of 24-karat gold stood at about EGP 7,130 for selling and EGP 7,085 for buying, against EGP 7,015 for selling and EGP 6,960 for buying yesterday.

A gram of 18-karat gold reached about EGP 5,350 for selling and EGP 5,315 for buying, against EGP 5,265 for selling and EGP 5,220 for buying yesterday.

A gram of 14-karat gold stood at about EGP 4,160 for selling and EGP 4,135 for buying, against EGP 4,095 for selling and EGP 4,060 for buying yesterday.

The gold pound stood at EGP 49,920 for selling and EGP 49,600 for buying, against EGP 49,120 for selling and EGP 48,720 for buying yesterday.

On global markets, the ounce traded at about USD 4,185.15 today, compared with about USD 4,135.14 yesterday, a rise of about USD 50.01.

Factors affecting gold prices

Gold prices in the local market are driven by several factors, chief among them the global price of the precious metal, changes in the US dollar's exchange rate against the Egyptian pound, and the levels of supply and demand for gold in the local market.

Global economic developments, interest-rate movements and market expectations about monetary policy also shape gold's direction, as does investment demand for the precious metal as one of the assets investors turn to for hedging and portfolio diversification.

Global gold prices

The ounce traded on global markets at about USD 4,185.15 on Friday 16 October 2026, compared with about USD 4,135.14 yesterday, a rise of about USD 50.01.

Markets are following gold's global moves amid economic and monetary developments, as well as shifts in investment demand for the yellow metal as one of the assets investors turn to for hedging and portfolio diversification.

Gold movement in the local market

Gold prices in the local market rose in trading on Friday 16 October 2026 compared with yesterday's levels. A gram of 21-karat gold gained about EGP 100 for selling and EGP 110 for buying, reaching EGP 6,240 for selling and EGP 6,200 for buying.

This came as the global ounce rose by about USD 50.01 to USD 4,185.15, with the Egyptian market influenced by global price movements as well as supply and demand and the dollar exchange rate.

Actual prices of gold jewelry vary from one jeweler to another depending on workmanship (making charges), hallmarking and design, so the final price to the consumer may differ from the published prices for raw gold.

Gold prices in Egypt continue to be shaped by global and local changes, making the global ounce price and the dollar exchange rate among the key factors in explaining the precious metal's moves in the local market.