Gold prices today in Egypt, 2 October 2026, for every karat

Prices in Egypt came under pressure today, 2 October 2026, following the global ounce lower. A gram of 24K was quoted at about 7,017 pounds, with 22K near 6,432 pounds, 21K — the grade most buyers across the region choose — around 6,140 pounds, and 18K close to 5,263 pounds. The 8-gram gold pound, at 21K, works out at roughly 49,119 pounds. Globally, the ounce traded near $4,183, 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. It helps to separate the "gold price" from what you actually pay. Jewellery carries a making charge you lose on resale, while bars and coins carry a much smaller premium and sit closer to the raw gram price — which is why they suit saving better than ornaments do. Timing matters less than most people expect. Many analysts prefer buying gradually in monthly instalments rather than committing a large sum at once — an approach that smooths out the effect of price swings over the long run. The gap between a dealer's buy and sell price widens in volatile periods and narrows in quiet ones, which means buying and selling within a few days rarely works in a saver's favour. Always ask for a receipt stating the weight, karat and making charge. It is the only reference you have when reselling or exchanging, and it protects you from any later disagreement over what you bought. 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.