I wrote a zip in my neighborhood.
Egypt ' s gold prices experienced strong performance during the period from 1 January to 29 April 2026, with the 21 gold grams, the most traded in Egypt, jumping at about 1010 pounds to achieve the level of £6850 compared with £5840 at the beginning of the year, at an altitude of £17.29 per cent, according to a technical and analytical report issued by the Iqa platform.
Prices
The 24 caliber recorded £7828, a calibre of about £18,5871, while the gold foetus recorded £54800, while the time was global at £4544.36 at the end of the period. Prices declined during April, £21 from £7230 to £6850, lost some £380 by 5.3%, with sharp market volatility.
Fluctuations during the four initial months
The Engineer Saeed Mbabe, Executive Director of the I-I-E-Laqa platform, said that the market in Egypt had experienced apparent fluctuations during the first four months of the year, with the highest 21 caliber gold recorded at £7475 on 28 February and the lowest level at £5840 on 1 January.
Local market under exchange rate and inflation
Mbabe added that movements in the exchange rate of the dollar against the foetus played a major role in gold pricing in Egypt, ranging from Pound47.25 in January, peaking at £54.5 in March, before decreasing to £52.82 - £53.05 by the end of April.
Widening price gaps
He noted that the weakness of the pound during March had widened the price gaps, which had the highest level of Pound405, while in some days it had exceeded Pound404 before beginning to decline during April with an improved exchange rate.
The price gap had moved from limited levels in January to volatile levels during February and March, with negative gaps of £163 and £78, before returning to normal range between 0.36% and 1.59%.
Read also:At the beginning of the evening dealings, the price of gold stabilizes today, Sunday, in the market.
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