By: محرر
Gold prices in Egypt remained stable at the start of trading on Wednesday, November 4, 2026. The 24-karat gold price was recorded at approximately 7,017 EGP per gram, with other gold carats also maintaining steady levels amid anticipation regarding global market developments and their impact on the Egyptian market.
Current Gold Rates in Egypt
As of the start of Wednesday's trading, the prices for various gold types are as follows:
24-karat gold: 7,017 EGP per gram21-karat gold (the most traded in Egypt): 6,140 EGP per gram18-karat gold: 5,263 EGP per gram14-karat gold: 4,093 EGP per gramGold Pound: 49,120 EGPDecreasing Demand in the Egyptian Market
The price stability comes at a time of notable changes in gold demand within Egypt. Data from the World Gold Council revealed that Egyptian purchases of the precious metal fell to 9.7 tons during the third quarter of 2026, marking the lowest quarterly purchase level in five years.
This figure represents a 12.6% decline compared to the second quarter of the year, which saw 11.1 tons purchased. Additionally, it reflects a 3% year-on-year decrease compared to the 10 tons purchased during the third quarter of 2025.
These statistics highlight continued pressure on household purchasing power due to rising prices and spending obligations, even as some consumer segments continue to view gold as a primary means of saving and hedging against economic volatility.
