Gold Prices Steady, Dollar Declines in Egypt

On May 26, 2026, the Egyptian markets experienced notable changes in gold and dollar prices, with gold prices seeing slight increases and the dollar showing a significant decline. According to 'Bakam' data, the price of 18-karat gold rose to 5,842 EGP per gram, a 0.29% increase, equivalent to an additional 17 EGP compared to yesterday. The price of 21-karat gold also rose to approximately 6,815 EGP per gram, a similar 0.29% increase, adding 19 EGP. In contrast, the US dollar decreased by 1.29%, with a buying price of 51.90 EGP and a selling price of 52.63 EGP. These changes occur amid technical analysis indicating market volatility and short-term bearish signals for 21-karat gold, priced at 6,815 EGP, with the MA7 indicator below MA14. The market remains volatile, as reflected by a fluctuation rate of 12.4%. Other currencies remained relatively stable, with the Saudi Riyal priced at 13.84 EGP for buying and 14.03 EGP for selling, and the UAE Dirham priced at 14.13 EGP for buying and 14.33 EGP for selling.