Gold prices continued to fall in the Egyptian market during Thursday's trading on October 8, 2026, with the price of a gram of 21-karat gold declining to about 6,100 Egyptian pounds from around 6,150 Egyptian pounds at the start of trading, as global prices fell by more than 2% to $4,103 an ounce.
Gold prices in the Egyptian market
The price of a gram of 18-karat gold stood at about 5,229 Egyptian pounds for purchase, excluding workmanship and hallmarking charges, while a gram of 24-karat gold reached about 6,971 Egyptian pounds for purchase, approaching the 7,000-Egyptian-pound-per-gram mark.
The gold pound was priced at about 48,800 Egyptian pounds, excluding workmanship charges and any additional fees. Workmanship charges on 21-karat gold jewelry typically range from 3% to 8% of the gram price, depending on the type and design of the jewelry and the retailer.
Gold ounce falls by more than 2% globally
Globally, the gold ounce stood at about $4,103 after prices fell by more than 2%, as markets reassessed expectations for US monetary policy and awaited moves by the Federal Reserve.
Gold's decline coincided with a rise in 10-year US government bond yields to their highest level since 2002, increasing pressure on the precious metal and weighing on prices in the Egyptian market.
