Friday 20/March/2026 – 09:51 AM
I settled down Gold prices In the Egyptian market today, Friday, March 20, 2026, after a noticeable decline recorded yesterday, Thursday, at a value of approximately 200 pounds per gram, on the first day of Eid al-Fitr 2026.
Gold prices stabilize in Egypt on the first day of Eid al-Fitr 2026
The markets witnessed a state of relative calm in transactions, with prices remaining at low levels compared to previous days, amid investors and consumers’ anticipation of market movements during the coming period.
This stability comes after a sudden wave of decline that affected various bullets, driven by changes in global gold prices, in addition to a relative decline in local demand during the Eid holiday.
Attention is currently turning to the outcome of the transactions of the coming days, especially with the gradual return of activity after the end of the holidays, and the possibility of prices being affected by supply and demand factors and fluctuations in global markets.
Gold prices today
The price of a gram of 21 karat gold – the most traded in the local market – was about 7,150 pounds for sale and 7,100 pounds for purchase, while the price of 24 karat gold was about 8,171 pounds for sale and 8,114 pounds for purchase, and 18 karat gold was recorded at about 6,128 pounds for sale and 6,085 pounds for purchase.
Gold pound: about 57,200 pounds
An ounce of gold globally: about $4,750
In the same context, geopolitical developments contributed to increasing volatility, especially after targeting energy facilities in the Gulf region, which led to an increase in oil and gas prices, which supported the US dollar and raised Treasury bond yields, putting additional pressure on gold prices.
These developments also prompted markets to reduce their expectations for interest rate cuts, as markets no longer expect a full cut of even 25 basis points before the end of the year.
The wave of decline extended to the shares of international mining companies, which recorded sharp losses, coinciding with the decline in gold and silver prices, amid a state of risk aversion in global financial markets.
