Gold Prices Stabilize in Egypt Mid-May 2026

Gold prices in Egypt exhibit notable stability in mid-May 2026, with the 21-carat gold, the most traded in the Egyptian market, priced at 6,770 EGP per gram, maintaining a 0.07% steadiness compared to yesterday. This stability occurs amidst minor fluctuations in global gold prices.

According to "Bakam" data, the 24-carat gold price stands at 7,737 EGP per gram, while the 18-carat gold is priced at 5,803 EGP per gram. The observed price changes are minimal, with volatility rates significantly low, reflecting a calm in the local gold market.

Technical analysis indicates that the market is in a balanced phase, with daily moving averages closely aligned, suggesting price stability in the short term. This stability coincides with the USD exchange rate holding steady at 52.59 EGP for sale.

It is anticipated that this price stability will persist in the coming days unless significant changes in global or local markets impact supply and demand. Gold remains a safe haven for investors amid fluctuating economic conditions.