1. Short Description
January 2026 saw gold’s meteoric global rise reach record highs, driving a parallel surge in the Egyptian market. Discover the key forces and local price impacts.
2. Read Time
3 minutes
3. Main Article
The global gold market experienced a historic charge in January 2026, with prices delivering their best monthly performance in years. Driving these monumental gains was a powerful flight to safe-haven assets, as investors sought security amidst ongoing economic uncertainties. This sent the price of gold on a remarkable ascent, culminating in a record-breaking high of $5,595.62 per ounce in late January before a natural correction on profit-taking. The month closed with gold at $4,892.21, marking a significant 12.55% increase from December 2025.
This powerful global rally had a direct and pronounced impact on the Egyptian market, where gold is a cornerstone of savings and investment. Mirroring the international trend, domestic gold prices witnessed substantial appreciation. The price of a gram for the most commonly traded 21-karat gold saw a major surge, climbing from EGP 5,865 to EGP 6,780—a gain of 15% or EGP 915 for the month. This stark increase highlighted how interconnected the local market is with global financial currents and the dollar price.
As of the close on Friday, January 30, 2026, the final trading day of the month, the updated gold prices across various karats in Egypt reflected the sustained high levels. Key benchmarks included 24-karat at EGP 7,748.5 and the gold pound at EGP 54,240. It’s crucial for buyers to note that these are base bullion prices and do not include the manufacturing premium, which varies by jeweler and design. This month’s activity underscores gold’s enduring role as a critical financial asset in both global portfolios and regional economies like Egypt’s, reacting sharply to macroeconomic sentiment.
4. Short Summary
Global gold prices soared over 12% in January 2026, hitting a historic peak and pulling Egyptian market prices sharply higher. The price of a gram for 21-karat gold in Egypt rose by 15%, demonstrating the metal’s powerful role as a safe haven. The month ended with gold maintaining strong gains in both international and local markets.
