Gold price today in Egypt, 1 October 2026, and what moved the market

Gold eased in Egypt today, 1 October 2026, giving buyers a softer entry point than earlier in the week. A gram of 24K was quoted at about 6,983 pounds, with 22K near 6,401 pounds, 21K — the grade most buyers across the region choose — around 6,110 pounds, and 18K close to 5,237 pounds. The 8-gram gold pound, at 21K, works out at roughly 48,881 pounds. Globally, the ounce traded near $4,177, which is the reference every local price is built from. Converting it takes two steps: divide by 31.1 to reach a gram of pure gold, then apply the local exchange rate and the purity of the karat. Buying in Egypt tends to rise around wedding seasons and holidays, and that local demand can push making charges up even when the global price has not moved at all. Storage deserves thought. Larger holdings are better kept in a bank vault or an insured safe than left at home, where loss usually means no compensation at all. Weight affects the making charge directly. The larger the piece, the smaller the relative charge per gram, which is why buyers saving for the long term tend to prefer heavier pieces over a collection of small ones. The local gold price in Egypt follows a simple formula: the gram price for a karat equals the global ounce price in dollars, divided by 31.1, multiplied by the local dollar rate, multiplied by the purity of that karat. Any move in the dollar or the ounce shows up locally almost immediately. A softer market often draws buyers who have been waiting, though it is worth remembering that a single day's move says little about the weeks ahead. When you come to sell, the value of what you hold is usually based on the gram price alone, without the making charge. Choosing the right karat and form for your purpose — saving or wearing — matters more than timing the market. Tibr tracks these prices minute by minute from trusted sources, alongside calculators for zakat and the value of what you own, and a free app that alerts you the moment the price moves in your country. ⚠️ Prices are for information only, may differ slightly from shop to shop, and are not financial advice or a recommendation to buy or sell.