
. Gold prices in Egypt declined during midday trading on Wednesday, March 11, 2026, but remain near yesterday’s levels, as the precious metal trades in a narrow range influenced by caution in global and Egyptian markets.
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Gold Prices Today:
– 24-karat gold is currently valued at 8,514 Egyptian pounds.
– 21-karat gold is trading at 7,450 Egyptian pounds.
– 18-karat gold is valued at 6,385 Egyptian pounds.
– The gold pound is priced at 59,600 Egyptian pounds.
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The price of 21-karat gold, the most traded in the Egyptian market, opened today’s session at 7,450 Egyptian pounds per gram, slightly decreasing to approximately 7,445 Egyptian pounds per gram at the time of this report. This compares to yesterday’s closing price of 7,470 Egyptian pounds per gram, after beginning trading yesterday at 7,500 Egyptian pounds per gram.
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Gold in the local market continues to move erratically without a clear trend, due to uncertainty in global markets, as well as local factors increasing uncertainty within the gold market. This volatility reflects broader economic concerns impacting investor sentiment.
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Gold in Egypt is currently being priced below global levels, due to weak local demand and reduced liquidity in the markets, particularly with the suspension of gold export operations due to disruptions in air travel to Gulf countries, which were the main market for exports.
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Geopolitical tensions and rising fuel prices in Egypt have increased pressure on consumer liquidity, negatively impacting gold purchases. Conversely, some consumers have increased sales to provide liquidity to cope with the cost of living.
