كتب: إسلام محمد
Gold prices in Egypt remained stable during early trading on Wednesday, November 4, 2026. The 24-karat gold grade recorded approximately 7,017 Egyptian pounds per gram, marking a period of equilibrium across all gold categories. This stability comes as market participants monitor developments in global gold movements and their potential impact on price levels within the Egyptian domestic market.
Breakdown of Gold Prices by Karat
The most widely traded gold grade in the Egyptian market, 21-karat gold, was priced at approximately 6,140 Egyptian pounds per gram. Meanwhile, 18-karat gold reached a price of 5,263 pounds per gram, and 14-karat gold was recorded at 4,093 pounds per gram.
For investors looking at larger denominations, the price of a gold pound reached 49,120 Egyptian pounds. The full list of gold prices at the start of Wednesday's trading is as follows:
- 24-Karat gold: 7,017 EGP
- 21-Karat gold: 6,140 EGP
- 18-Karat gold: 5,263 EGP
- 14-Karat gold: 4,093 EGP
- Gold Pound: 49,120 EGP
Declining Gold Demand in Egypt
The current price stability coincides with significant shifts in gold demand within Egypt. Data released by the World Gold Council has revealed a decline in Egyptian purchases of the precious metal during the third quarter of 2026. Total purchases dropped to 9.7 tons, marking the lowest quarterly purchase level recorded in five years.
This figure represents a 12.6% decrease in Egyptian gold purchases compared to the second quarter of the same year, which saw 11.1 tons. On an annual basis, purchases have also fallen by 3% compared to the 10 tons recorded during the third quarter of 2025.
These statistics reflect ongoing pressures on the purchasing power of households amid rising prices and spending obligations. Despite these challenges, a segment of consumers continues to maintain an interest in gold, viewing it as a vital tool for savings and a hedge against economic fluctuations.
