Gold Prices in Egypt Rise at the Start of Wednesday Trading

Gold prices in Egypt recorded a fresh rise at the start of Wednesday’s morning trading, extending gains seen in the previous session amid strong movements in both local and global markets.

The increase in gold prices follows a jump of around 10 pounds during Tuesday’s evening trading, pushing the metal to new record levels, supported by higher global prices and steady domestic demand.

Gold of higher purity led the gains, while 21-karat gold—the most widely traded in Egypt—continued its upward trend, lifting prices across other karats.

According to the latest updates, 24-karat gold reached about EGP 7,295 per gram, 21-karat stood near EGP 6,380, and 18-karat traded around EGP 5,470, while the gold pound was priced at roughly EGP 51,040.

Gold prices may vary slightly from one trader to another depending on workmanship and margins, as these figures represent the base value of raw gold without manufacturing costs.

Globally, gold prices climbed as investors sought the metal as a safe haven, reinforcing the upward momentum in Egypt while markets await further international developments.