Gold prices in Egypt experienced a volatile session on Friday, March 6, 2026, with initial stability in morning trading giving way to a significant surge followed by a late-day correction. The price of 21-karat gold added 1270 Egyptian pounds to its value since the beginning of 2026, representing a 21.6% increase, according to reports from Al-Masry Al-Youm and Al-Youm Al-Sabea. However, later in the day, 21-karat gold lost 25 Egyptian pounds per gram, as reported by Masrawy.
The fluctuations come amidst a global context of rising gold prices, with the international price of an ounce exceeding $4,000 earlier in 2025. Analysts predict continued upward momentum, albeit at a slower pace than the previous year, with some forecasts suggesting an ounce could reach $4,500 by mid-2026, as reported by Sky News Arabia. This anticipated rise is fueled by gold’s traditional role as a safe haven asset, increased diversification of reserves by central banks away from the US dollar, and expectations of interest rate cuts.
The discrepancy between the global and local price movements has prompted questions about the factors influencing the Egyptian market. Masrawy reported inquiries into the reasons behind the local price decline despite the global upward trend. The surge earlier in the day was attributed to increased demand, while the subsequent drop suggests a correction or profit-taking by investors.
A recent analysis, published by Al Jazeera on November 23, 2025, indicates that gold has entered a higher pricing system, potentially driving prices towards $4,500 in 2026. The analysis highlights strong breakouts, increased demand from banks, and an extended upward channel reshaping investor expectations. Al-Jazeera’s report suggests a potential historical repricing of the metal.
FXOpen’s analytical report from January 21, 2026, emphasizes the continued interest from investors seeking safe assets amidst global uncertainty, geopolitical tensions, and currency fluctuations. The report details a historical overview of gold’s price, noting its enduring value as a store of wealth.
According to a report from Mitrade, the expectation is for gold to reach new record levels in 2026, building on gains made in 2025 when it surpassed $4,300 per ounce. The report identifies monetary policies, central bank purchases, and geopolitical tensions as key factors influencing the future of the precious metal globally.
Entrepreneur Arabia reported in December 2025 that experts believe any dips in gold prices during 2026 should be viewed as buying opportunities, not a change in trend. The upward trajectory is expected to continue, albeit at a slower rate than in 2025, with gold becoming a fundamental component of institutional and fund portfolios.
