Cairo, Egypt – Gold prices in Egypt remained stable on Wednesday, April 29, 2026, following recent global losses, according to reports from local market outlets. The stabilization comes after a period of fluctuation influenced by international market trends and exchange rate movements.
As of 10:45 AM local time, the price of 24-karat gold reached 7,874 Egyptian pounds, while 22-karat gold was trading at 7,218 Egyptian pounds. 21-karat gold, the most commonly traded, settled at 6,890 Egyptian pounds and 18-karat gold was priced at 5,906 Egyptian pounds. Gold of 12 karats reached 3,937 Egyptian pounds.
The price of a gold pound (a unit of weight commonly used in Egypt) was recorded at 55,120 Egyptian pounds. An ounce of gold was valued at 244,909 Egyptian pounds, equivalent to $4,570, reflecting the impact of the dollar exchange rate on the local market.
Market analysts indicate that the local gold market is closely tied to global prices and the performance of the Egyptian pound against the U.S. Dollar. Fluctuations in the dollar exchange rate directly influence the cost of imported gold, impacting prices within Egypt.
Recent economic indicators, including purchasing managers’ index data and unemployment rates, are too being monitored for their potential impact on the gold market. These factors contribute to investor sentiment and demand for gold as a safe-haven asset.
The silver price currently stands at 139.84 Egyptian pounds. Market data shows buying prices ranging from 7,840 Egyptian pounds for 24-karat gold to 3,920 Egyptian pounds for 12-karat gold, while selling prices range from 7,874 Egyptian pounds to 3,937 Egyptian pounds for the same karats.
The difference between bank and exchange rates for the U.S. Dollar is currently 0.57 Egyptian pounds, with the dollar trading at 53.02 Egyptian pounds in banks and 53.59 Egyptian pounds in the exchange market. This disparity influences the cost of gold imports and, retail prices.
