Gold prices in Egypt witnessed a noticeable decline at the start of trading on Wednesday, December 23, 2025, in jewelry stores, influenced by fluctuations in global stock markets and changes in supply and demand in the local market. This drop presents a new opportunity for those planning weddings and investors looking to hedge against the effects of gold.
Details of today's gold prices in Egypt
Various calibers recorded a collective decline, and below is a detailed list of buying and selling prices according to the latest market updates:
- The price of a gram of 24-karat gold: The purest karat recorded 6828.5 Egyptian pounds for selling, and 6800 Egyptian pounds for buying.
- The price of a gram of 22-karat gold: It reached 6259.5 Egyptian pounds for selling, and 6233.25 Egyptian pounds for buying.
- The price of a gram of 21-karat gold, which is the most traded and popular karat in Egypt, recorded 5975 Egyptian pounds for selling and 5950 Egyptian pounds for buying.
- The price of a gram of 18-karat gold: recorded 5121.5 Egyptian pounds for selling, and 5100 Egyptian pounds for buying.
- The price of a gram of 14-karat gold reached 3983.25 Egyptian pounds for selling and 3966.75 Egyptian pounds for buying.
- The price of a gram of 12-karat gold: recorded 3414.25 Egyptian pounds for selling, and 3400 Egyptian pounds for buying.
- The price of the gold pound: The price of the gold pound (weighing 8 grams of 21 carats) reached 47,800 pounds for selling, and 47,600 pounds for buying.
The importance of gold as a safe haven and its economic impact
Gold holds a strategic place in Egyptian economic culture, where it is not merely viewed as an adornment but as the primary savings vehicle for Egyptian families, especially during times of economic instability. Historically, Egyptians have turned to gold, specifically gold coins and 24-karat bullion, to protect the value of their savings from inflation and the erosion of the currency's purchasing power.
21-karat gold is of particular importance as it is the preferred karat for gold jewelry in both Lower and Upper Egypt, making any movement in its price a topic of conversation on the Egyptian street and an important indicator of the general economic situation.
Factors affecting local gold pricing
The determination of the price of gold in Egypt is linked to three main factors that control the market:
- The global price of gold: The local market is affected by the movement of the ounce in the New York and London stock exchanges.
- Dollar exchange rate: There is a direct relationship between the dollar exchange rate against the Egyptian pound and local gold prices.
- Supply and demand: Prices increase during seasons and holidays as purchase orders increase, and decrease as sales slow down.
Experts always advise monitoring these factors before making a buying or selling decision, taking into account the “manufacturing fee” which varies from trader to trader and from one governorate to another, and which is usually added to the advertised price per gram.
