Saied Embaby, CEO of iSagha, said local gold prices increased by roughly EGP 45 over the week. The price of 21-karat gold opened trading at EGP 5,745 per gram, touched EGP 5,800, and closed at EGP 5,790. Embaby added that 24-karat gold reached EGP 6,617 per gram, 18-karat gold stood at EGP 4,963, and the price of a gold pound climbed to EGP 46,320. Since the beginning of 2025, local gold prices have surged by around EGP 2,050, marking a 55% increase. Despite this typically negative correlation with gold, prices continued to rise, supported by strong demand.

Source: Daily News Egypt December 21, 2025 15:56 UTC