Gold prices in Egypt saw a further increase on Sunday, December 28, 2025, at the start of trading in local markets, influenced by the volatility in global gold markets. This rise reflects gold's continued appeal as a safe haven for savings amidst current economic changes.
Gold price developments in Egypt today
Gold prices have risen significantly, with 21-karat gold , the most popular and widely sold grade in both Upper and Lower Egypt, reaching new record highs. Investors and citizens are closely monitoring these movements, especially those planning weddings or looking to preserve the value of their savings.
Detailed list of gold prices for today, Sunday
According to the latest updates from the Gold and Jewelry Division, the prices (excluding labor costs) are as follows:
- The price of a gram of 24-karat gold was recorded at 6937.25 Egyptian pounds for selling and 6897.25 Egyptian pounds for buying. This karat is considered the safest and is commonly used in gold bullion for investment.
- The price of a gram of 22-karat gold has risen to 6359 Egyptian pounds for selling and 6322.5 Egyptian pounds for buying.
- The price of a gram of 21-karat gold: recorded 6070 Egyptian pounds for selling, and 6035 Egyptian pounds for buying.
- The price of a gram of 18-karat gold reached 5202.75 Egyptian pounds for selling and 5172.75 Egyptian pounds for buying, which is the preferred karat for modern jewelry.
- The price of a gram of 14-karat gold: recorded 4046.75 Egyptian pounds for selling, and 4023.25 Egyptian pounds for buying.
- The price of a gram of 12-karat gold reached 3468.5 Egyptian pounds for selling and 3448.5 Egyptian pounds for buying.
- The price of the gold pound: It recorded a strong jump to reach 48,560 pounds for selling, and 48,280 pounds for buying.
Economic context and reasons for the rise
This rise in the local market reflects several fundamental economic factors. Historically, the price of gold in Egypt has been linked to two main factors: the global price per ounce on the New York Stock Exchange and the exchange rate of the dollar against the Egyptian pound in local banks. Investors typically turn to gold during times of economic uncertainty as a hedge against inflation, which increases demand and drives up its price.
Globally, the decisions of major central banks regarding interest rates play a crucial role in determining the direction of gold prices. When expectations point towards interest rate cuts or stability, the appeal of the precious metal increases, as it does not generate periodic returns but preserves value. This has an immediate impact on emerging markets, including the Egyptian market.
Buyer advice on workmanship
Consumers should note that the prices listed above are for raw gold and do not include the cost of labor, hallmarking, or tax. The labor cost varies from one jeweler to another and from one region to another, typically ranging from 5% to 10% of the price per gram. It is higher for intricately detailed gold jewelry (such as 18-karat) compared to bullion (24-karat). Therefore, it is always advisable to compare prices between jewelers and inquire about the labor cost before making a purchase.
