Thursday 29/January/2026 – 10:38 AM
Recorded prices gold There was an unprecedented jump in the Egyptian markets during today’s trading, Thursday, January 29, 2026, as the price of a gram of 21 karat gold rose to reach 7,390 pounds without manufacturing, driven by a rocketing wave of rise on the global screen, and “Kardan Platform” data showed that 18 karat gold recorded 6,334 pounds, while the price of a gram of 24 karat gold exceeded the barrier of 8,446 pounds.
The price of the gold pound in Egypt today
According to reports issued early this year, this rise comes as investors flock to safe havens, as the price of the gold pound in Egypt jumped to 59,120 pounds, which reflects the state of economic uncertainty that dominates the local and global markets.
Global price per ounce
On the global level, the ounce continued its historic upward journey to record $5,536, with a daily change rate exceeding 2.22%, approaching touching the $5,600 level for the first time in history.
Analysts from OCBC explained that gold is no longer just a means to hedge against inflation, but rather is seen as a neutral and reliable asset to store value in light of the increasing global government debt burdens and severe geopolitical fluctuations, according to Reuters.
This week alone witnessed a rise in gold prices by more than 10%, supported by the decline in the dollar index and the continued strengthening of central banks’ reserves of the precious metal.
Silver was not far from this bustling scene; As the international price of an ounce came close to breaching the $120 barrier, recording $117 during trading on Thursday, January 29, 2026. In the Egyptian market, a gram of 999 silver recorded about 196 pounds, while 925 karat reached 181.5 pounds.
Market experts link this “price explosion” to escalating geopolitical pressures, especially with the recent warnings made by US President Donald Trump regarding the Iranian nuclear file, which raised fears of a new military escalation that could lead to greater disruption in global supply chains.
Analysts at IG believe that the fundamentals supporting gold will remain in place throughout 2026, despite the possibility of minor price corrections as a result of “excessive optimism” or profit-taking.
As the policy of “limited predictability” in international relations continues, investors find precious metals the only reliable haven.
It is expected that prices in Egypt will remain vulnerable to more sudden movements, especially with anticipation of the results of international political negotiations and the decisions of major central banks regarding interest rates in the coming weeks.
