Gold prices rose on Wednesday, September 9, with the 24-karat price hitting EGP 7,226.9 for purchase and EGP 7,141.16 for sale, according to Dahab Masr data at 1:14 PM.

Egypt’s gold reserves rose month-on-month (MoM) by $1.92 billion in August, helping push the country’s net international reserves (NIR) to a record high despite a decline in foreign currency holdings, according to data from the Central Bank of Egypt (CBE).

The Mineral Resources and Mining Industries Authority (MRMIA) has announced the closing dates for bids on several mining blocks, according to a statement.

Gold prices rose to their highest level in more than three months on Monday, August 24.

Riyadh-based precious metals company Saudi Gold Refinery Co. has applied for gold exploration licenses in Egypt’s Eastern Desert and aims to begin production before 2030.

The Sukari Gold Mine, a joint venture between Denver-based gold producer AngloGold Ashanti plc and Egypt, produced 232,000 ounces of gold during the first half (H1) of 2026, keeping the operation on track to meet its full-year production target of 500,000 ounces and match the record output achieved in 2025.

Gold prices extended their decline in Egypt on Thursday, July 16th, mirroring lower global gold prices during the day's trading.

Gold prices declined in Egypt in Wednesday's trading, tracking stable global prices after the precious metal pared gains from the previous session.

The Gold and Precious Metals Division of the Federation of Egyptian Industries (FEI) rolled out a new strategy extending to 2029, aimed at transforming Egypt into a regional hub for the gold industry, Chairman Ehab Wassef told Al Arabiya.

Egyptian digital investment and wealth management platform Thndr has launched 'Thndr Gold’ to buy, sell, and track 24-karat gold directly from the app

Gold prices are relatively stable in both global and Egyptian markets on Sunday, according to Dahab Masr by 2:44 pm.

The Financial Regulatory Authority (FRA) said that total net asset value of gold investment funds in Egypt reached EGP 9.28 billion by the end of March 2026, spread across approximately 289,000 accounts.

The gold regained on Sunday, March 29th, with the international ounce recording $4,494.4 for buying and $4,492.9 for selling.

The gold prices in Egypt slightly declined on Tuesday, March 17th, with the 24-karat gold price recording EGP 8,377.45 for purchase and EGP 8,803.74 for sale.

Gold production at Egypt’s Sukari mine reached 500,000 ounces in 2025, up by 4% from 481,000 ounces in 2024, with total cash cost for the year at $783 per ounce, as per AngloGold Ashanti's 2025 earnings release.

Gold prices collectively dropped on Tuesday, according to Dahab Masr’s data by 3:58 pm.

Gold prices in Egypt edged higher on Tuesday, supported by a modest uptick in global bullion prices, according to data from local gold trading platform Dahab Masr.

Gold prices in Egypt edged higher on Monday, mirroring gains in international markets, according to data from Dahab Masr.

In this factsheet, we explore the factors behind the movements of global precious metals prices in 2025 and early 2026.

In Egypt, this global shift is already reshaping household behavior and market structure. Retail buyers are favoring bullion over jewelry to avoid high workmanship fees. Meanwhile, policymakers and banks are eyeing silver-backed instruments to finance green projects and broaden financial inclusion.