Gold prices in Egypt today: 21-karat gold exceeds 5900 Egyptian pounds, and forecasts for 2026
Gold prices in the Egyptian market witnessed an unprecedented surge at the start of trading on Tuesday, December 23, 2025, reaching new historical highs, driven by a sharp upward trend in global stock markets. This significant price movement is expected to reshape the investment and savings landscape for both citizens and investors.
Price details in the Egyptian market
According to the latest data from the Gold Division and trading platforms, prices have reached record highs. The price of a gram of 21-karat , the most popular and traded type in Egypt, reached approximately 5,900 Egyptian pounds for selling, while the buying price ranged between 5,850 and 5,880 pounds (excluding labor costs). Regarding other karats:
- The 24-karat (purest) gold was priced
- 18-karat gold reached levels of 5057-5060 pounds.
- The price of 14-karat gold reached approximately 3926 Egyptian pounds.
- The price of a gold pound to between 47,200 and 47,240 pounds.
Global context: Why is gold rising so dramatically?
The local surge was not a coincidence, but rather a direct reflection of the global market, where the price of an ounce of gold broke the $4,480 , recording daily gains of 0.9% and monthly gains exceeding 8%. Since the beginning of 2025, gold has achieved phenomenal gains ranging between 68% and 70%.
Historically, gold has been considered a "safe haven" to which the world turns during times of crisis. These current surges are due to several key factors, most notably escalating geopolitical tensions that are prompting governments and individuals to hedge with the precious metal, as well as strong expectations of US interest rate cuts, which weaken the dollar's appeal and drive investors toward gold.
The role of central banks and their impact on prices
A key factor contributing to this historic surge was the shift in central bank strategies worldwide. The year 2025 saw a significant increase in gold purchases by major central banks to bolster and diversify their reserves away from traditional fiat currencies. This massive institutional demand, coupled with inflows into exchange-traded funds (ETFs), created immense buying pressure, reducing supply and driving prices to these astronomical levels.
Future predictions: Will we see 21-karat gold at 6700 pounds?
Analyses from experts and financial institutions indicate that the upward trend is not yet over. Analysts predict that the global price of gold will continue its climb, reaching $4,900 per ounce by 2026. If these predictions materialize, this will likely be reflected locally by a rise in the price of a gram of 21-karat gold, exceeding 6,700 Egyptian pounds , especially given the continued domestic demand as a hedge against inflation and to preserve the currency's purchasing power.
Despite this optimistic outlook for the yellow metal, experts warn small investors of the possibility of price fluctuations or sudden profit-taking, especially if unexpected changes occur in the monetary policies of the US Federal Reserve or if global geopolitical tensions subside.
