Gold prices are witnessing a state of widespread controversy in Egypt and even in the whole world, after the great leaps that the yellow metal has achieved during the recent period, and its record of unprecedented historical levels, so the recurring question remains: Can the price of a gram of gold reach 8 thousand pounds during the coming period?
Global banks forecasts
In terms of global expectations, German Deutsche Bank expects gold prices to jump to $6,000 per ounce during the year 2026, as investors tend to increase their allocations to real assets and move away from dollar-denominated assets, in light of the escalation of economic and geopolitical risks.
Deutsche Bank indicated that more optimistic scenarios could push prices to higher levels that could reach $6,900 per ounce, in line with the strong performance of the yellow metal over the past two years.
While Société Générale analysts expected gold to reach $6,000 per ounce by the end of the year, considering that these estimates may be conservative, while Morgan Stanley expected the rise to continue with the possibility of reaching the level of $5,700 per ounce.
For his part, the economic expert, Mohamed El-Erian, considered that gold exceeding the level of $5,000 per ounce represents the inauguration of a new historical price stage, suggesting that the next stop will be at the level of $6,000 during the year 2026, while warning that the rise may be accompanied by sharp fluctuations.
While American investor Robert Kiyosaki expected gold to continue its rise in the long term, indicating the possibility of an ounce reaching $27,000, in light of the erosion of confidence in paper currencies and traditional assets.
Record jumps
Gold prices in Egypt witnessed a strong rise during the last two years, as a gram of 21 karat gold began in 2025 at the level of 3,730 pounds, before continuing to gradually rise, driven by global jumps, to end the year at about 5,885 pounds.
At the beginning of 2026, the upward momentum accelerated remarkably, with a gram recording about 6,800 pounds during January transactions, which is the highest historical level reached by gold in the Egyptian market so far.
21 caliber is a candidate for the 8000 pound level
Hani Milad, head of the Gold Division at the General Federation of Chambers of Commerce, said it is likely that the price of a gram of 21-karat gold will reach the level of 8,000 pounds during the year 2026, if the upward momentum in global prices continues and the ounce approaches the $6,000 barrier.
Milad explained that the local market is linked to global prices by up to 95%, noting that the strong jumps that gold has witnessed since the beginning of this January open the way for a re-evaluation of price expectations during the coming period.
He stressed that any strong global rise will be directly reflected in the Egyptian market, while some differences remain related to the exchange rate and supply and demand mechanisms.
