Sunday 01/March/2026 – 06:02 AM
I witnessed Gold prices There was a state of noticeable turmoil in Egypt at the beginning of trading today, Sunday, March 1, 2026, following a strong rise recorded at the end of trading yesterday, Saturday, as the price of a gram jumped by about 450 pounds at once, affected by the record rise in global markets and the escalation of geopolitical tensions in the region.
21 karat, the most widely traded in the local market, recorded about 7,500 pounds per gram, in one of the largest daily increases during the recent period, compared to lower levels recorded in recent days.
Gold prices today
24 karat recorded about 8570 pounds per gram.
18 karat reached approximately 6430 pounds per gram.
14 karat reached about 5000 pounds per gram.
While the price of the gold pound rose to about 60 thousand pounds, without taking into account workmanship.
In the same context, Hani Milad, Head of the Gold Division of the General Federation of Chambers of Commerce, announced the suspension of gold pricing in the local market until next Monday morning, coinciding with the return of the global stock market.
He explained that the currently traded prices are hedging prices that are not based on clear official pricing mechanisms, which may expose the merchant or consumer to potential losses. He pointed out that the state of uncertainty that dominates global markets, in light of the rapid geopolitical developments, prompted the division to take this temporary decision, to avoid sharp fluctuations that prices may witness in the coming hours.
