I witnessed Gold prices Today, Monday, February 2, 2026, in Egypt, there is a state of stability in the markets, according to the latest developments in the yellow metal markets at the local and global levels.
Price of a gram of 24 karat gold
The price of a gram of 24 carat gold was about 7,800 pounds.
Price of a gram of 21 carat gold
The price of a gram of 21 carat gold was about 6,825 pounds.
Price of a gram of 18 karat gold
The price of a gram of 18 carat gold reached 5,820 pounds.
Price of a gram of 14 karat gold
The price of a gram of 14 karat gold was about 4,550 pounds.
The price of the gold pound
The price of the gold pound recorded 54,600 pounds, and the price may vary from one merchant to another, and this price is equal to the value of gold in the pound.
Factors affecting gold prices in Egypt
Gold prices are not fixed, but are affected by several factors, the most important of which are:
1. Global market:
Gold prices in Egypt are linked to the international price of an ounce in dollars, as the rise in the global price of gold leads to an increase in the price locally.
2. Pound exchange rate:
Any change in the value of the pound against the US dollar directly affects gold prices, as the Egyptian market imports the metal in hard currency.
3. Local demand:
The demand for gold increases during holiday seasons and social occasions such as weddings, which leads to an increase in its prices.
4. Workmanship and taxes:
Workmanship varies from place to place and is added to the final gram price, making the price of gold higher for the consumer.
Global trends and their impact on the local market
Gold has witnessed significant fluctuations globally over the past weeks as a result of several factors:
Central bank decisions:
Especially in the United States, where interest rates affect the demand for gold as a safe-haven asset.
Geopolitical tensions:
Global political and economic crises often push investors towards gold as a safe haven to preserve value.
