Local gold prices increased by around 2.8%, with the price of 21-karat gold — the main benchmark in the Egyptian market — climbing nearly EGP 200 to close at about EGP 7,425 per gram, compared with EGP 7,225 at the start of the week. In contrast, global gold prices fell by nearly 3%, with the ounce losing approximately $151 to settle near $5,021 by the end of trading. Prices of other gold categories also increased, with 24-karat gold reaching around EGP 8,486 per gram and 18-karat gold trading near EGP 6,364. Since the beginning of 2026, local gold prices have surged roughly EGP 1,600, supported by strong gains in global markets earlier this year. Global gold markets remained under pressure as oil prices climbed above $100 per barrel, fuelling inflation concerns and pushing bond yields higher.

Source: Daily News Egypt March 15, 2026 18:41 UTC