Friday 02/January/2026 – 06:16 PM
I witnessed Gold prices There was a noticeable decline in goldsmiths’ stores today, Friday, January 2, 2026, as the price of a gram of 21-karat gold fell by about 50 pounds to record 5,870 pounds, without taking into account the workmanship, which ranges between 100 and 200 pounds.
This decline coincided with the closure of global stock exchange transactions, and the global price of an ounce stabilized at $4,340.
Gold prices today in Egypt
- 24 karat: recorded about 6708 pounds per gram.
- 22 carat: approximately 6149 pounds per gram.
- 21 karat: recorded about 5870 pounds per gram.
- 18 karat: reached about 5031 pounds per gram.
- 14 karat: recorded about 3913 pounds per gram.
- Gold pound: amounted to about 46,960 pounds.
- Global price per ounce: settled at $4,340.
Central bank purchases…gold as an alternative to the dollar
In another context, the year 2025 continued to record a noticeable acceleration in central banks’ purchases of gold, in a remarkable shift within the features of the global financial system. Major central banks, including China, Turkey and a number of emerging economies, have strengthened their gold reserves at the expense of dollar-denominated assets.
This trend reflects a strategic decision driven by increasing fears of geopolitical risks, financial sanctions, and the use of the dollar as a political pressure tool, which led to the withdrawal of large quantities of gold from the free market and a reduction in supply, which contributed to supporting prices globally.
Geopolitical tensions boost demand for safe havens
The year 2025 also witnessed an escalation in geopolitical tensions as a result of political and trade decisions that brought fears back to global markets, whether through regional crises or customs duties that revived talk again about trade wars.
Reuters described these conditions as an ideal environment for safe havens to flourish, which returned gold to its historical position as a main tool for hedging against political and economic turmoil.
Gold expectations in 2026…conditional rise and institutional caution
After an exceptional year, gold enters 2026 with strong momentum, but faces a phase characterized by greater caution on the part of major financial institutions. International reports indicate that 2026 may be a year of consolidation of the upward trend rather than a year of sharp jumps, unless new economic or geopolitical shocks occur.
Major investment banks, including Goldman Sachs, Bank of America and Société Générale, believe that gold has not yet peaked, supported by continued demand from central banks, a relatively low interest environment, and the US Federal Reserve’s inability to fully tighten monetary policy without risking a broader economic slowdown.
