Tamer Elgamil ·
Gold dropped over the past week with most of the move driven by changes in the global metal price, not the exchange rate.
Gold dropped over the past week with most of the move driven by changes in the global metal price, not the exchange rate.
On 2026-09-06, 21K gold sold for 6,332 EGP per gram, down 3.08% from 6,533 EGP on 2026-08-26. The 24K price fell 3.09% to 7,236 EGP. The USD/EGP rate rose to 51.00 from 50.20, a 1.59% gain. The drop in gold was caused mostly by the global metal price, which fell 4.61% in dollar terms. About 74% of the local gold drop came from the metal, 26% from the stronger dollar.
This session is the 54th recorded since 2026-06-29. Over the last 30 sessions, 21K gold has moved an average of 0.96% per day. The current price of 6,332 EGP is 1.86% above the 30-day average of 6,216 EGP. It sits at the 60th percentile of the recent range, between 5,862 and 6,646 EGP. The -3.08% drop ranks as the 21st largest move out of 29 recorded changes. One gram of 24K gold buys 67.0 grams of silver, slightly below the 30-day average of 68.5.
Shops buy back gold at 6,232 EGP per gram for 21K, creating a 100 EGP gap from the 6,332 EGP sell price. This spread equals 1.58% of the price. To recover this cost, a buyer would need the price to rise by that amount before selling. Given the average daily move is 0.96%, it would take about 1.6 days of typical movement to break even, not counting workmanship fees. Today's move of -0.32% was smaller than average, with the metal down -0.52% and the dollar adding 0.20%.
If you are thinking about buying gold today, the price is lower than it was a week ago. If you sell it back to a shop, you will get 6,232 EGP per gram for 21K. The gap between buy and sell prices means the market has to move up just for you to break even. Daily swings have been small lately, so it may take more than a day and a half of average movement to cover the cost.
This daily briefing is produced automatically from the market prices we recorded at publication time. The figures are observed values, not forecasts, and nothing here is investment advice. Drafted automatically from our recorded prices and not yet reviewed by an editor.
Where this day sat. At 6,332 EGP — the figure we recorded for 2026-09-06, which is the average of the prices we sampled across that whole day rather than the point-in-time level quoted above — the 21K gram was down 0.32% on the previous session, in the upper-middle part of its trailing 30-session range of 5,862–6,646 EGP — the 60th percentile of that window.
What moved it. Splitting the day's move into its two causes: the metal itself accounted for -0.52% and the USD/EGP rate for 0.20%. On this date the larger contribution came from the international metal price. Against a mean daily move of 0.96% across the trailing window, this was a quieter day than usual.
What it cost to trade. The quoted buy-back sat 100.0 EGP below the sell price, or 1.58% of the gram. At this window's average daily movement that spread takes about 1.6 days of favourable movement to recover — before any workmanship, which is never recovered at all.
The tables below compare 2026-09-06 with our own earlier snapshots: 54 sessions recorded to this date, the last 30 of them forming the window used throughout. Every figure in this section is our own recorded daily average for the date named, not the point-in-time level quoted at the top of this briefing.
The last column is the one figure a buyer actually feels: what a gram bought at that session's sell price would return at this session's recorded buy-back of 6,232 EGP, before any workmanship, which is never recovered.
| Session | 21K sell then | Change to 2026-09-06 | % | Round trip per gram |
|---|---|---|---|---|
| 2026-09-03 | 6,353 | −20.6 | −0.32% | −120.6 |
| 2026-09-02 | 6,236 | +95.6 | +1.53% | −4.4 |
| 2026-09-01 | 6,281 | +51.0 | +0.81% | −49.0 |
| 2026-08-31 | 6,335 | −3.4 | −0.05% | −103.4 |
| 2026-08-30 | 6,327 | +4.7 | +0.07% | −95.3 |
| 2026-08-27 | 6,478 | −145.9 | −2.25% | −245.9 |
| 2026-08-26 (7 back) | 6,533 | −201.5 | −3.08% | −301.5 |
| 2026-08-25 | 6,611 | −279.0 | −4.22% | −379.0 |
| 2026-08-24 (window high) | 6,646 | −313.7 | −4.72% | −413.7 |
| 2026-08-23 | 6,604 | −271.9 | −4.12% | −371.9 |
| 2026-08-20 | 6,398 | −65.6 | −1.03% | −165.6 |
| 2026-08-19 | 6,259 | +72.8 | +1.16% | −27.2 |
| 2026-08-18 | 6,253 | +79.1 | +1.27% | −20.9 |
| 2026-08-17 (14 back) | 6,261 | +71.3 | +1.14% | −28.7 |
| 2026-08-16 | 6,251 | +81.0 | +1.30% | −19.0 |
| 2026-08-13 | 6,297 | +35.3 | +0.56% | −64.7 |
| 2026-08-12 | 6,326 | +5.6 | +0.09% | −94.4 |
| 2026-08-11 | 6,282 | +50.0 | +0.80% | −50.0 |
| 2026-08-10 | 6,127 | +205.0 | +3.35% | +105.0 |
| 2026-08-09 | 6,123 | +208.5 | +3.40% | +108.5 |
| 2026-08-06 | 5,973 | +358.5 | +6.00% | +258.5 |
| 2026-08-05 | 5,917 | +414.7 | +7.01% | +314.7 |
| 2026-08-04 | 5,866 | +466.3 | +7.95% | +366.3 |
| 2026-08-03 (window low) | 5,862 | +469.7 | +8.01% | +369.7 |
| 2026-08-02 | 5,915 | +416.6 | +7.04% | +316.6 |
| 2026-07-30 | 5,920 | +412.2 | +6.96% | +312.2 |
| 2026-07-29 | 5,868 | +464.4 | +7.91% | +364.4 |
| 2026-07-28 | 5,878 | +453.8 | +7.72% | +353.8 |
| 2026-07-27 | 5,978 | +353.5 | +5.91% | +253.5 |
| 2026-07-26 | 5,992 | +339.7 | +5.67% | +239.7 |
| 2026-06-29 (first recorded) | 5,665 | +666.9 | +11.77% | +566.9 |
| Reading | 2026-09-06 | 2026-08-26 | Change | % |
|---|---|---|---|---|
| 24K sell (EGP/g) | 7,236 | 7,467 | −230.4 | −3.09% |
| 21K sell (EGP/g) | 6,332 | 6,533 | −201.5 | −3.08% |
| 18K sell (EGP/g) | 5,427 | 5,600 | −172.8 | −3.09% |
| Silver 999 (EGP/g) | 108.0 | 110.6 | −2.6 | −2.35% |
| USD/EGP | 51.00 | 50.20 | +0.8 | +1.59% |
| 24K ÷ USD/EGP, metal only | 141.9 | 148.7 | −6.9 | −4.61% |
Metal or pound. The last row separates the two causes of a move in EGP: 24K divided by USD/EGP is the metal alone. From 2026-08-26 to 2026-09-06 that index went 148.7 to 141.9 (−4.61%) while USD/EGP went 50.20 to 51.00 (+1.59%) — about 74% global gold and 26% the pound, on a 21K headline of −3.08%.
| Measure | Value |
|---|---|
| Sessions in the window | 30, ending 2026-09-06 |
| Sessions higher than the one before | 15 |
| Sessions lower | 14 |
| Mean absolute session move | 0.96% |
| Largest move in the window | +3.22% on 2026-08-23 |
| This session's move, by size | 21st of 29 |
| Window mean 21K | 6,216 EGP |
| This session against that mean | +1.86% |
| Window 21K range | 5,862–6,646 EGP |
| Sessions recorded to date | 54, from 2026-06-29 |
Gold against silver. 24K 7,236 EGP, 999 silver 108.0 EGP: a gram of gold bought 67.0 grams of silver on 2026-09-06, against a 68.5 mean and a 66.2–72.2 range over 30 sessions — gold cheaper against silver than the window average.
These figures are our own recorded observations of the Egyptian market on the dates named, computed from our daily record and containing no forecast; the full series is on the price history and analysis page.
21K gold is about 6,335 EGP per gram to sell and 6,235 EGP buy-back at publication time. Shop prices add workmanship on top of the raw metal value.
The gold pound weighs 8 grams of 21K, so its raw value today is 8 × 6,335 = 50,680 EGP, before workmanship, stamping or tax.
That 100 EGP per gram is the fixed reference this site subtracts from the recorded sell price, not an observed dealer spread: we do not track what individual shops bid, and what a particular dealer pays you may be more or less. It is your real cost of entering and exiting a position.
Together with USD/EGP, yes. The gram equals the ounce in dollars times the exchange rate divided by 31.1035, adjusted for karat purity — so a stable pound passes global moves through one-for-one.