Live gold prices in Egypt, 16 September 2026: gram and ounce

Prices in Egypt came under pressure today, 16 September 2026, following the global ounce lower. A gram of 24K was quoted at about 7,143 pounds, with 22K near 6,548 pounds, 21K — the grade most buyers across the region choose — around 6,250 pounds, and 18K close to 5,357 pounds. The 8-gram gold pound, at 21K, works out at roughly 50,001 pounds. Globally, the ounce traded near $4,322, 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. 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 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. 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. Gold has long been treated as the first refuge in times of inflation and uncertainty, holding purchasing power over long stretches. In the short term it still swings, and those swings reward patience rather than hurried decisions. 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. Before buying, compare the full price — metal plus making charge — across more than one shop, and remember that bars and coins carry a far smaller premium than jewellery and suit investment better. Follow every price and update first on Tibr and its free app, which brings gold, currency and crypto prices together in one place with instant alerts. ⚠️ Prices are for information only, may differ slightly from shop to shop, and are not financial advice or a recommendation to buy or sell.