Gold prices in Egypt saw a notable increase on Wednesday, February 4, 2026, continuing their upward trend influenced by ongoing fluctuations in global gold markets. This rise comes at a time of increased demand for gold as a safe haven to preserve the value of savings in the face of local and global economic challenges.
The price of a gram of 21-karat gold, which is the most popular and traded in Egypt due to its suitability for the vast majority of consumers and jewelry makers, recorded a new jump in this morning's trading, which sparked a state of anticipation among investors and citizens alike.
General context and reasons for the increase
Historically, the price of gold in Egypt has been linked to two main factors: the global price of an ounce of gold, denominated in US dollars, and the exchange rate of the Egyptian pound against the dollar. Any change in these two factors is directly and immediately reflected in gold prices in the local market. The current rise can be explained by several global factors, most notably the monetary policies of major central banks, particularly the US Federal Reserve, as interest rates negatively impact the attractiveness of gold. Additionally, geopolitical tensions in various parts of the world contribute to increased demand for the precious metal as a hedge against risk.
The importance of gold and its impact on the Egyptian economy
Gold is a fundamental component of Egyptian savings and investment culture. It is not merely an adornment, but a store of value sought during times of economic uncertainty. Its price fluctuations directly impact marriage costs, as the gold dowry is an integral part of tradition. It also influences the decisions of savers who weigh investments between gold, bank savings certificates, or real estate. On a broader scale, gold price movements reflect confidence in the local economy and the strength of the currency, making it an important indicator closely monitored by analysts and policymakers.
Gold prices in Egypt today, Wednesday, February 4, 2026
Here are the details of the prices of different gold karats in the Egyptian market today:
- The price of a gram of 24-karat gold: recorded 7885.75 Egyptian pounds for selling, and 7771.5 Egyptian pounds for buying.
- The price of a gram of 22-karat gold reached 7228.5 Egyptian pounds for selling and 7123.75 Egyptian pounds for buying.
- The price of a gram of 21-karat gold reached 6900 Egyptian pounds for selling and 6800 Egyptian pounds for buying.
- The price of a gram of 18-karat gold: recorded 5914.25 Egyptian pounds for selling, and 5828.5 Egyptian pounds for buying.
- The price of a gram of 14-karat gold reached 4600 Egyptian pounds for selling and 4533.25 Egyptian pounds for buying.
- The price of a gram of 12-karat gold reached 3942.75 Egyptian pounds for selling and 3885.75 Egyptian pounds for buying.
Gold pound price today
The price of the gold pound, which weighs 8 grams of 21-karat gold, was recorded today, Wednesday, in Egypt, at 55,200 Egyptian pounds for selling and 54,400 Egyptian pounds for buying, and it remains a preferred investment option for many due to its ease of trading and storage.
