Gold prices in Egypt reached record highs on Sunday, March 1, 2026, bolstered by continued support from global markets and a strong February that saw gains of 7.8%, marking the seventh consecutive increase. This surge reflects a broader trend of investors seeking safe-haven assets amid global economic uncertainty.
The price movement was further supported by the closing of the ounce globally above the $5,250 level, a key resistance point that reinforces the upward trend, particularly given escalating geopolitical tensions and increased demand for safe havens.
Gold Prices in Egypt Today:
– 24-karat gold: 8,514 Egyptian pounds
– 21-karat gold: 7,450 Egyptian pounds
– 18-karat gold: 6,385 Egyptian pounds
– Gold pound: 59,600 Egyptian pounds
21-karat gold is the most traded in the Egyptian market, and therefore its price attracts significant attention from citizens and investors, given the ongoing global fluctuations. The continued strength in gold prices underscores its role as a traditional store of value during times of economic and political instability.
The price of gold today is supported by several factors, most notably the escalation of military tensions in the Middle East, in addition to the uncertainty surrounding U.S. Trade policies and the resulting disruption in investor sentiment and a relative decline in the dollar.
Markets are expected to see notable movements with the opening of global trading this evening, as investors await the initial reaction to political and economic developments, which could push gold prices to new levels in the coming period.
The price of gold in Egypt remains directly linked to the movement of the ounce globally, as well as changes in the exchange rate of the dollar, making the current period crucial in determining the short-term direction of the yellow metal.
