Gold Prices in Egypt: February 6, 2026
Egypt has seen a period of stabilization in gold prices, and citizens are closely monitoring the fluctuations of gold prices, particularly 21-karat gold, which is the moast traded in the local market. Here’s a breakdown of the latest prices as of February 6, 2026, according to the Precious Metals Division of the Egyptian Chamber of Commerce.
24-Karat Gold Price
The price of 24-karat gold is currently 7,531 Egyptian pounds per gram. Kitco provides real-time gold price tracking and past data.
21-Karat Gold Price
21-karat gold is trading at 6,590 Egyptian pounds per gram. This is the most popular karat for jewelry in egypt.GoldPrice.org offers detailed facts on 21-karat gold prices in Egypt.
18-Karat Gold Price
The price of 18-karat gold is 5,648 Egyptian pounds per gram. This karat is often used for more durable and affordable jewelry.Investing.com provides up-to-date commodity prices, including gold.
Gold Pound Price (8 grams of 21-karat gold)
The gold pound,weighing 8 grams of 21-karat gold,is currently priced at 52,720 Egyptian pounds.
factors Influencing Gold Prices in Egypt
Several factors contribute to the fluctuations in gold prices in Egypt:
- Global Gold Market: International gold prices,influenced by global economic conditions,geopolitical events,and investor sentiment,have a significant impact on Egyptian gold prices.
- Exchange Rate: The exchange rate between the Egyptian pound and the US dollar plays a crucial role, as gold is typically priced in US dollars.
- Local Demand and Supply: Domestic demand for gold, particularly during festive seasons and weddings, can influence prices.
- Import Duties and Taxes: government policies related to import duties and taxes on gold can affect its price.
Key Takeaways
- 21-karat gold remains the most popular choice for jewelry in Egypt.
- Gold prices are influenced by both global market trends and local economic factors.
- Staying informed about gold prices is essential for both buyers and sellers.
Disclaimer: Gold prices are subject to change based on market conditions. The prices provided here are as of February 6, 2026, and are based on information from the Precious Metals Division of the Egyptian Chamber of Commerce and other reputable sources. It is advisable to check wiht local gold dealers for the most up-to-date prices.