Gold steady in Egypt at EGP 7,017 a gram for 24-carat as markets watch the dollar
Prices opened unchanged on Thursday after a volatile session in which 21-carat gold, the most traded in Egypt, closed at EGP 6,140.
Cairo — The price of 24-carat gold in Egypt opened on Thursday, 12 November, at EGP 7,017 a gram, unchanged from Wednesday's close, with the other grades also steady, the Egyptian daily Youm7 reported.
Wednesday had been more volatile. Twenty-one-carat gold rose by EGP 10 during the day, then fell by about EGP 20 in evening trading to close at EGP 6,140 a gram.
Twenty-four-carat gold is about 99.9% pure and is the reference price for gold bars. Its price follows the international price of an ounce of gold and the dollar exchange rate.
Internationally, the ounce dipped below $4,040 in the previous session before recovering above $4,060 at the start of Asian trading. Markets were reacting to US inflation data showing consumer prices rose 0.4% in October, against expectations of 0.3%, which raised the prospect of interest rates staying high for longer.
Traders in Egypt are watching the ounce and the dollar for the rest of the day's trading.
Source: Youm7, 12 November 2026.
