Business
Gold rebounds in Egyptian market after Friday opening drop
October 23, 2026 at 11:29 AM
Coverage
3 reports · over 3 hours
Gold prices in Egypt fell at the opening of Friday trading, then climbed mid-session, with 21-carat gold reaching about 6,305 Egyptian pounds per gram.
- Gold prices in Egypt opened about 35 pounds per gram below Thursday's close, with 21-carat at 6,290 pounds.
- Nadi Naguib, former secretary general of the gold division, said prices rose about 5 pounds mid-session, lifting 21-carat to 6,295 pounds.
- Updated selling prices showed 21-carat at 6,305 pounds, up 15 pounds, and the gold pound at 50,440 pounds.
- Internationally, gold traded at about 4,015 dollars per ounce at the open, then rose about 0.02 percent to roughly 4,025 dollars.