Gold Prices in Egypt Open Tuesday with Mixed Moves: Local Rise, Global Decline
Gold Prices in Egypt Open Tuesday with Mixed Moves: Local Rise, Global Decline
Gold prices in Egypt began trading Tuesday after a local price increase on Monday, while global prices fell sharply.
- The price of 21‑karat gold, the most traded in Egypt, rose by 50 Egyptian pounds on Monday compared to Sunday’s close.
- At Tuesday’s opening, 21‑karat gold traded at 5,850 pounds per gram, with 24‑karat at 6,685.71 pounds and 18‑karat at 5,014.29 pounds.
- The gold pound, equivalent to eight grams of 21‑karat gold, stood at 46,800 pounds at Tuesday’s opening.
- Globally, gold dropped 2.58% to approximately $4,013 per ounce, according to Bloomberg data.
What happened since
Gold prices in Egypt continue decline in mid-July 2026 trading
Gold prices in Egypt fell by 35 Egyptian pounds per gram during midday trading on Wednesday, July 15, 2026, extending a downward trend.
- The price of 21‑karat gold dropped to 5,835 pounds per gram, down 35 pounds from the start of trading.
- Former Gold Division Secretary General Nadi Naguib confirmed the decline to Masrawy, noting the drop occurred by midday.
- Internationally, gold prices fell 0.62% to $4,027 per ounce, according to Bloomberg data.
Latest developments
- Jul 15 — The Egyptian Stock Exchange published official gold prices for July 15, 2026, listing the 21-carat gram at 5,859 pounds and rates for 24-, 18-carat, and the gold pound.
- Jul 15 — The price of 21-karat gold in Egypt fell an additional 15 pounds during evening trading on July 15 to 5,860 pounds per gram.
- Jul 15 — The gold pound price declined to 46,880 pounds in the same evening session.
- Jul 15 — International gold prices rose 0.25% to $4,062 per ounce, according to Bloomberg data.
Coverage
Read the original reporting
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