The price of gold in Egypt showed remarkable stability in the local markets on Sunday, August 17, 2025, following a decline experienced at the end of the previous week. The price of 21-karat gold, the most prevalent in Egypt, stabilized at 4,555 Egyptian pounds per gram, after having dropped by 40 pounds. This stability occurs amidst global trading where the yellow metal has shown stability, with spot contracts reaching approximately $3,340.59 per ounce.

Prices announced by the General Syndicate of Goldsmiths and the global gold exchange include a price of 5,205 Egyptian pounds per gram for 24-karat gold and 3,904 Egyptian pounds per gram for 18-karat gold. When adding the craftsmanship value, which ranges between 100 and 200 pounds to the base price of the gram, these figures serve as an important benchmark for investors and consumers in the Egyptian market. The price of a gold sovereign in Egypt reached 36,760 Egyptian pounds.

Key Indicators

The current price stability in gold indicates a temporary equilibrium in the Egyptian market following previous declines, which could open windows of opportunity for investors seeking strategic entry points.
The local gold price is influenced by global trends, underscoring the importance of monitoring international markets as an indicator for future performance.

Regional Perspective

The current stability of gold prices in Egypt, specifically for 21-karat, presents an exceptional opportunity for local consumers and investors who may have missed out on previous price drops. This stability suggests that the market may have reached a temporary bottom, potentially encouraging purchases before any anticipated rises, especially given the consistent interest in gold as a store of value within the Egyptian economy.

Immediate Implications

The current stability may encourage increased demand from consumers who were waiting for prices to settle before making purchasing decisions.
Investors should monitor any global or local fluctuations that could affect this stability, as the window of opportunity to buy at this price level may be limited.

Analysis

The stability of the gold price in Egypt, following last week's decline, reflects the dynamics of the local market influenced by global trends. The global stability of gold prices, hovering near historically high levels, indicates continued demand for safe havens amidst global economic uncertainty. For the Egyptian market, this stability offers a short-term opportunity for buyers, but caution is advised regarding any sudden movements that might reflect changes in exchange rates or macroeconomic conditions. The future performance of gold in Egypt will largely depend on the continuation of this global stability and on local economic factors.