Gold prices in Egypt today on Monday, 02 March, 2026 ease despite Mideast tensions

Gold prices in Egypt fell on Monday, 2 March, despite ongoing Middle East tensions involving Israel, the United States, and Iran, which have driven global investors toward safe-haven assets, according to official pricing data.

By 15:10 Cairo time (13:10 GMT), 24-carat gold was trading at 8,583 Egyptian pounds per gram, down 102.50 pounds, or 1.18 per cent, from 8,685.5 pounds on Sunday, 01 March.

Other gold grades posted similar drops.

Metal 02 March (EGP) 01 March (EGP) Change (EGP) Change %
24-carat 8583 8685.5 -102.50 -1.18
21-carat 7510 7600 -90.00 -1.18
18-carat 6437 6514.5 -77.50 -1.19
Gold Pound 60080 60800 -720.00 -1.18

 

Gold prices in Egypt generally mirror global bullion trends, fluctuations in the Egyptian pound, and domestic supply-demand dynamics. The U.S. dollar was quoted at 49.2744 EGP.

(1 United States dollar = 49.2744 Egyptian pounds)

Attribution: Amwal Al Ghad English

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