Egyptian gold markets experienced a notable upswing on Thursday, with prices rising by as much as 150 Egyptian pounds per karat amid broader global economic currents. The increase reflects a complex interplay of factors, including a weakening U.S. dollar-which reached a four-year low Wednesday following the Federal Reserve’s decision to hold interest rates steady-and persistent demand for gold as a hedge against economic uncertainty [[3]]. this surge impacts both retail consumers and investment portfolios within Egypt, a nation with a historically strong cultural affinity for gold [[1]].
Gold prices in Egypt saw a significant increase on Thursday, January 29, 2026, rising by an average of 150 Egyptian pounds across various karats. This surge comes as global markets react to shifts in currency valuations and monetary policy. The price of 21-karat gold reached 7,350 Egyptian pounds, according to reports.
Gold Prices in Egypt – January 29, 2026
As of today, January 29, 2026, gold prices in Egypt are as follows:
– 24-karat gold: 8,400 Egyptian pounds
– 21-karat gold: 7,350 Egyptian pounds
– 18-karat gold: 6,300 Egyptian pounds
– Gold pound: 58,800 Egyptian pounds
Dollar Weakness Fuels Gold Price Surge
The substantial increase in gold prices, both locally and internationally, is linked to the decline of the U.S. dollar to its lowest levels in four years. The U.S. Federal Reserve announced on Wednesday that it would maintain interest rates at 4%. This decision to hold steady on interest rates, combined with the dollar’s weakening position, typically boosts demand for gold as a safe-haven asset.
Analysts predict further increases in gold prices throughout 2026, potentially reaching $6,000 per ounce. These projections are based on ongoing geopolitical tensions, trade disputes, and the continued trend of decreasing interest rates globally. The expectation of sustained low interest rates is expected to further incentivize investment in gold, driving up its value.
