Gold prices in the local market recorded strong gains in January, jumping by around EGP 995, despite steep declines observed in the final days of the month, according to a report issued by online gold and jewellery trading platform iSagha. On the other hand, 24-carat gold settled at around EGP 7,800 per gram by the end of trading, 18-carat gold at EGP 5,850, and the gold pound at approximately EGP 54,600. Globally, gold prices surged by about $577, or 13.4%, during January. Commenting on the pricing gaps, Embaby explained that local prices remain higher than their global equivalents by up to EGP 405. He stressed that sharp declines in gold prices do not signal the end of the upward trend.

Source: Daily News Egypt February 01, 2026 19:42 UTC