Gold prices in the local market saw a limited pullback at the close of trading on Thursday, February 12, 2026, following a strong upward trend that has dominated the precious metal’s performance since the start of the year. This surge pushed prices to unprecedented levels before the market entered a phase of calmer, corrective movements as investors await clarity on interest rate policy and the dollar’s trajectory.
A timeline of price movements since the beginning of 2026 shows that a gram of 21-karat gold opened the year at 5,880 Egyptian pounds before entering a series of rapid increases, driven by investment demand and increased hedging activity. Prices peaked at 6,790 Egyptian pounds on January 26.
Following this peak, the market experienced natural corrective movements, with prices falling to around 6,480 Egyptian pounds in early February. They have since regained some ground, supported by continued investment demand, and remain relatively stable near their record highs despite short-term fluctuations. The recent price action underscores investors’ continued interest in gold as a safe-haven asset.
Comparing the beginning of the year with closing prices on Thursday, gold has increased by approximately 880 Egyptian pounds per gram, equivalent to a growth of nearly 15% in under six weeks.
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The price of a gram of 24-karat gold reached 7,725 Egyptian pounds.
A gram of 21-karat gold was valued at 6,760 Egyptian pounds, with manufacturing costs ranging from 100 to 150 Egyptian pounds.
The gold pound (a unit of gold weight) was trading at 54,080 Egyptian pounds, excluding manufacturing costs.
A gram of 18-karat gold was valued at 5,794 Egyptian pounds.
