Gold eased in Egypt today, 19 September 2026, giving buyers a softer entry point than earlier in the week.
A gram of 24K was quoted at about 7,291 pounds, with 22K near 6,683 pounds, 21K — the grade most buyers across the region choose — around 6,380 pounds, and 18K close to 5,468 pounds. The 8-gram gold pound, at 21K, works out at roughly 51,037 pounds.
Globally, the ounce traded near $4,378, 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 hallmark stamped on a piece is its official purity certificate. Its presence means the piece passed through assay; its absence leaves the karat resting on the seller's word alone, which is worth avoiding entirely.
Most advisers suggest spreading savings rather than putting everything into one asset, treating gold as part of a balanced mix chosen to match your goals and your tolerance for risk.
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.
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.
Tibr