Gold prices continued their upward trajectory Thursday, with significant gains recorded in Egypt amid global economic uncertainty. The price of 24-karat gold reached 7,382 Egyptian pounds,reflecting a broader trend of investors seeking safe-haven assets as geopolitical tensions and trade disputes persist. This follows a day of record gains internationally, spurred in part by recent interest rate cuts from the U.S. Federal Reserve and increasing demand from private citizens and jewelers in the local market.
Gold prices in Egypt rose on Thursday, January 22, 2026, with 24-karat gold reaching 7,382 Egyptian pounds, while 21-karat gold was trading at 6,460 Egyptian pounds.
Here’s a breakdown of gold prices in Egypt as of today:
– 24-karat gold: 7,382 Egyptian pounds
– 21-karat gold: 6,460 Egyptian pounds
– 18-karat gold: 5,537 Egyptian pounds
– Gold pound: 51,680 Egyptian pounds
Analysts are forecasting a potential increase in gold prices throughout 2026, potentially reaching $6,000 per ounce, driven by ongoing geopolitical tensions and trade conflicts. This anticipated rise also factors in the continued trend of interest rate cuts globally.
Local and international gold markets experienced significant gains on Wednesday, January 21, 2026, reaching unprecedented levels amid concerns surrounding trade wars and their impact on financial markets. The surge reflects gold’s traditional role as a safe-haven asset during periods of economic uncertainty.
The U.S. Federal Reserve recently lowered interest rates by 0.25% to 4% during its latest meeting, a move that often supports gold prices by reducing the opportunity cost of holding the non-yielding asset.
