On February 17, 2026, gold prices in Egypt experienced a decline, following a global drop of about 1% in gold prices. This reduction was mainly attributed to weakened trading activity in major Asian markets due to the Lunar New Year holiday, with an additional pressure exerted by a strengthening dollar. The price of gold in immediate transactions fell to $4,947.98 per ounce after an earlier decline of 1%. Meanwhile, silver also saw a significant drop, declining by 2.7% to $74.51 per ounce.

In Egypt specifically, the price of 21-carat gold, which is the most commonly traded quality in the country, fell from 6700 Egyptian pounds to 6650 pounds per gram today. The market reflects these changes, and various qualities of gold are priced accordingly. For instance, 24-carat gold is set at 7600 pounds, 22-carat at 6966 pounds, and 18-carat at 5700 pounds, along with the gold pound priced at 53,200 pounds.

The fluctuations in gold prices not only reflect international market trends but also affect local purchasing behavior and investment decisions in Egypt. As prices decrease, consumers may find opportunities for purchases, while investors will need to consider how market dynamics, particularly related to the dollar, influence their strategies moving forward. These changes signify an interconnected global marketplace where activities and trends in one region can considerably impact another.