Tamer Elgamil ·
The domestic gold market saw a slight decline today, pushed lower by a combination of falling global gold values and a weaker Egyptian pound.
The domestic gold market saw a slight decline today, pushed lower by a combination of falling global gold values and a weaker Egyptian pound.
Gold prices shifted today as the 21K rate settled at 6,315 EGP/g. This change was influenced by two main factors. The global price of the metal accounted for about 75% of the movement, while the shift in the USD/EGP exchange rate, which stands at 50.90, contributed the remaining 25%.
Over the last seven recorded sessions, the 21K and 24K prices have both dropped by 2.51%. During that same period, the currency rate moved by +1.19%. The underlying global gold index also fell by 3.66%.
We have recorded 30 sessions in our current window. Today's move was relatively quiet, ranking 21 of 29 in terms of size and showing just 0.3x the average daily move of 0.91%.
The 21K price of 6,315 EGP/g sits 1.41% above the 30-session mean of 6,228 EGP/g. It currently sits in the 58th percentile of the range recorded over the last 30 sessions, which spans from 5,862 EGP/g to 6,646 EGP/g. Furthermore, one gram of 24K gold is currently equal to 67.0 grams of silver, fitting well within our 30-session range of 66.2 to 72.2.
The spread between our recorded sell price and the buy-back price is 100 EGP per gram, which represents a cost of 1.58% to the buyer. Given the average daily price move of 0.91%, a round trip transaction requires roughly 1.7 average days of price movement to break even.
This break-even calculation does not include the cost of workmanship, which varies by piece. When considering a purchase or sale, remember that the shop buy-back price for 21K gold is 6,215 EGP/g, while the 24K sell price is 7,218 EGP/g and the 18K sell price is 5,413 EGP/g.
If you are considering a transaction today, note the 100 EGP gap between the sell price and what shops will pay to buy back 21K gold. This spread is a fixed cost that you must overcome through future price changes before you see a gain. Since today's move was small relative to the average, the market is currently stable. Ensure you account for the additional cost of workmanship on jewelry pieces, as the figures here only reflect the raw material value.
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 6,315 EGP — the figure we recorded for 2026-09-07, 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 0.26% on the previous session, in the upper-middle part of its trailing 30-session range of 5,862–6,646 EGP — the 58th percentile of that window.
What moved it. Splitting the day's move into its two causes: the metal itself accounted for -0.07% and the USD/EGP rate for -0.20%. On this date the larger contribution came from the Egyptian pound. Against a mean daily move of 0.91% 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 1.7 days of favourable movement to recover — before any workmanship, which is never recovered at all.
The tables below compare 2026-09-07 with our own earlier snapshots: 55 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 6,215 EGP, before any workmanship, which is never recovered.
| Session | 21K sell then | Change to 2026-09-07 | % | Round trip per gram |
|---|---|---|---|---|
| 2026-09-06 | 6,332 | −16.6 | −0.26% | −116.6 |
| 2026-09-03 | 6,353 | −37.2 | −0.59% | −137.2 |
| 2026-09-02 | 6,236 | +79.0 | +1.27% | −21.0 |
| 2026-09-01 | 6,281 | +34.4 | +0.55% | −65.6 |
| 2026-08-31 | 6,335 | −20.0 | −0.32% | −120.0 |
| 2026-08-30 | 6,327 | −11.9 | −0.19% | −111.9 |
| 2026-08-27 (7 back) | 6,478 | −162.5 | −2.51% | −262.5 |
| 2026-08-26 | 6,533 | −218.1 | −3.34% | −318.1 |
| 2026-08-25 | 6,611 | −295.6 | −4.47% | −395.6 |
| 2026-08-24 (window high) | 6,646 | −330.3 | −4.97% | −430.3 |
| 2026-08-23 | 6,604 | −288.5 | −4.37% | −388.5 |
| 2026-08-20 | 6,398 | −82.2 | −1.28% | −182.2 |
| 2026-08-19 | 6,259 | +56.2 | +0.90% | −43.8 |
| 2026-08-18 (14 back) | 6,253 | +62.5 | +1.00% | −37.5 |
| 2026-08-17 | 6,261 | +54.7 | +0.87% | −45.3 |
| 2026-08-16 | 6,251 | +64.4 | +1.03% | −35.6 |
| 2026-08-13 | 6,297 | +18.7 | +0.30% | −81.3 |
| 2026-08-12 | 6,326 | −11.0 | −0.17% | −111.0 |
| 2026-08-11 | 6,282 | +33.4 | +0.53% | −66.6 |
| 2026-08-10 | 6,127 | +188.4 | +3.07% | +88.4 |
| 2026-08-09 | 6,123 | +191.9 | +3.13% | +91.9 |
| 2026-08-06 | 5,973 | +341.9 | +5.72% | +241.9 |
| 2026-08-05 | 5,917 | +398.1 | +6.73% | +298.1 |
| 2026-08-04 | 5,866 | +449.7 | +7.67% | +349.7 |
| 2026-08-03 (window low) | 5,862 | +453.1 | +7.73% | +353.1 |
| 2026-08-02 | 5,915 | +400.0 | +6.76% | +300.0 |
| 2026-07-30 | 5,920 | +395.6 | +6.68% | +295.6 |
| 2026-07-29 | 5,868 | +447.8 | +7.63% | +347.8 |
| 2026-07-28 | 5,878 | +437.2 | +7.44% | +337.2 |
| 2026-07-27 | 5,978 | +336.9 | +5.64% | +236.9 |
| 2026-06-29 (first recorded) | 5,665 | +650.3 | +11.48% | +550.3 |
| Reading | 2026-09-07 | 2026-08-27 | Change | % |
|---|---|---|---|---|
| 24K sell (EGP/g) | 7,218 | 7,403 | −185.7 | −2.51% |
| 21K sell (EGP/g) | 6,315 | 6,478 | −162.5 | −2.51% |
| 18K sell (EGP/g) | 5,413 | 5,552 | −139.3 | −2.51% |
| Silver 999 (EGP/g) | 107.7 | 110.4 | −2.7 | −2.45% |
| USD/EGP | 50.90 | 50.30 | +0.6 | +1.19% |
| 24K ÷ USD/EGP, metal only | 141.8 | 147.2 | −5.4 | −3.66% |
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 2026-08-27 to 2026-09-07 that index went 147.2 to 141.8 (−3.66%) while USD/EGP went 50.30 to 50.90 (+1.19%) — about 75% global gold and 25% the pound, on a 21K headline of −2.51%.
| Measure | Value |
|---|---|
| Sessions in the window | 30, ending 2026-09-07 |
| Sessions higher than the one before | 15 |
| Sessions lower | 14 |
| Mean absolute session move | 0.91% |
| Largest move in the window | +3.22% on 2026-08-23 |
| This session's move, by size | 21st of 29 |
| Window mean 21K | 6,228 EGP |
| This session against that mean | +1.41% |
| Window 21K range | 5,862–6,646 EGP |
| Sessions recorded to date | 55, from 2026-06-29 |
Gold against silver. 24K 7,218 EGP, 999 silver 107.7 EGP: a gram of gold bought 67.0 grams of silver on 2026-09-07, against a 68.4 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 6,325 EGP per gram to sell and 6,225 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 × 6,325 = 50,600 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.