Gold prices in Egypt declined on Friday, April 24, 2026, following a 20 Egyptian pound drop in the value of 21-karat gold per gram, according to local market reports. The decrease brought the price of 21-karat gold to 6975 Egyptian pounds per gram, down from Thursday’s close.
Despite the daily dip, the metal remains significantly higher than its January opening level, with 21-karat gold having gained approximately 1100 Egyptian pounds since the start of the year. At the beginning of January 2026, the same grade was priced at 5880 Egyptian pounds per gram.
On Friday morning, 24-karat gold was trading at 7977 Egyptian pounds per gram, although 18-karat gold reached 5982 Egyptian pounds and 14-karat gold stood at 4650 Egyptian pounds per gram. The price of a gold pound, weighing eight grams of 21-karat gold, was recorded at 55,840 Egyptian pounds at the start of trading.
Jewelry makers continue to apply manufacturing fees ranging from 100 to 200 Egyptian pounds per gram on top of the base gold price for 21-karat items, contributing to the final retail cost borne by consumers.
Market analysts from the Egyptian Gold and Jewelry Traders’ Association noted that while short-term fluctuations persist, the overall trend for gold in 2026 remains upward, driven by strong first-quarter performance and ongoing investor demand for safe-haven assets.
