Global markets opened trading on Monday with a sharp rise in gold prices driven by escalating geopolitical tensions. Gold Price per OunceIn the early hours of spot trading, the price of an ounce of gold saw a significant increase, reaching approximately US$5,410 – rising about $135 in the first 10 minutes compared to Friday’s closing price, according to preliminary data from international markets. Gold prices in Egypt on MondayIn the Egyptian market, the global gold price was reflected in the price of gold at jewelry stores. Gold saw a significant increase in Saturday despite the closure of the global market, with an increase exceeding LE500 per gram for some karats. According to the update from the Gold and Jewelry Manufacturers Division, on Monday, the prices were as follows:A gram of 24-karat gold recorded LE 8,514.

Source: Egypt Independent March 02, 2026 12:09 UTC