Local gold extended its move higher today as traders watched the international ounce and the EGP for direction.
Quick Summary
- 21K gold: EGP 5,970.00 (+1.89% d/d)
- 24K gold: EGP 6,823.00 (+1.88% d/d)
- USD/EGP: 51.28 (+0.55% d/d)
- Gold sovereign: EGP 47,761
Gold in the Egyptian Market
24K gold rose sharply to 6,823.00 EGP/g (+1.88% daily, +2.05% weekly).
21K gold — the most actively traded caliber in Egypt — rose sharply to 5,970.00 EGP/g (+1.89% daily, +2.05% weekly).
18K gold rose sharply to 5,117.00 EGP/g (+1.89% daily, +2.05% weekly).
14K gold rose sharply to 3,980.00 EGP/g (+1.79% daily, +2.31% weekly).
What does this mean for consumers?
Today's rally is sharp by daily-gold standards and is worth close attention for anyone planning a near-term transaction.
The Gold Sovereign
The Egyptian gold sovereign (8 g of 21K) traded at EGP 47,761 today, with a daily change of +1.88%. Because of how it is structured, it tracks 21K gold closely and remains one of the most popular savings instruments in the country.
US Dollar
The dollar rose noticeably to 51.28 EGP (+0.55% daily, +1.58% weekly). Reading the daily, weekly, and monthly together gives a far better sense of trend than any single session.
Silver
Local silver rose noticeably to 98.33 EGP/g (+1.23% daily, +3.26% weekly). Silver typically moves in the same direction as gold but is more sensitive to short-term volatility.
International Context
International gold trades at $4,125/oz (+1.65% d/d), broadly in line with local pricing once the dollar move is accounted for.
Frequently Asked Questions
What is the price of 21K gold today in Egypt?
21K gold traded at EGP 5,970.00 per gram today, with a daily change of +1.89% and a weekly change of +2.05%.
What is the USD/EGP rate today?
The dollar trades at EGP 51.28 today, with a daily change of +0.55% and a weekly change of +1.58%.
How much is the Egyptian gold sovereign today?
The gold sovereign traded at EGP 47,761 today, equivalent to about 8 grams of 21K gold.
What is the difference between 21K and 18K gold today?
21K traded at EGP 5,970.00/g and 18K at EGP 5,117.00/g. The gap reflects the pure-gold content (87.5% in 21K vs 75% in 18K).