Gold prices fall in Egypt despite global rise

Gold prices in Egypt experienced a notable decline on Monday, July 6, 2026, despite a global rise in the precious metal's value. The price of 21-carat gold, a popular measure in the local market, decreased by approximately 25 Egyptian pounds per gram. Similarly, the value of a gold sovereign saw a reduction of around 200 Egyptian pounds.

The General Syndicate for Gold and Jewelry released updated trading figures for the local markets, commonly known as 'Al-Sagha.' These prices exclude the costs of craftsmanship and stamping, and the syndicate cautioned that actual prices might differ slightly from one governorate to another. The reported figures indicate a downward trend in the domestic gold market.

According to the latest data, 24-carat gold was priced at approximately 6,714 Egyptian pounds per gram. The 21-carat gold was trading at around 5,875 Egyptian pounds per gram, while 18-carat gold remained stable at 5,035 Egyptian pounds per gram. The gold sovereign was valued at about 47,000 Egyptian pounds. Meanwhile, the international price for an ounce of gold was reported at $4,176.