Gold prices remained relatively stable worldwide at the close of trading on Friday, ahead of the international stock exchange holiday on Saturday, following a week of sharp rises and falls. Gold Prices in EgyptGlobal developments have impacted the Egyptian market, which witnessed relative stability during trading in the final hours of Saturday, with most jewelry stores closed for the weekend. According to reports from the Gold Division, a gram of 24-karat gold is currently priced at LE 7,622, while 21-karat gold – the most commonly traded in Egypt – is selling for around LE 6,670, and 18-karat gold is at LE 5,717. Trading Economics forecasts a price of $5,021.67 by the end of the current quarter and $ 5,346.67 within 12 months. UBS also forecasts $6,200, while Deutsche Bank and Société Générale predict $6,000, viewing the current dip as a buying opportunity.

Source: Egypt Independent February 08, 2026 13:07 UTC