January 27, 2026
Gold prices in the Egyptian and international markets witnessed a noticeable rise at the end of Monday’s trading, recording new record numbers, as a result of the worsening geopolitical and trade tensions globally, in addition to increasing economic concerns. These factors combined contributed to increasing investors’ demand for the precious metal as a “safe haven,” according to a report issued by the “iSagha” platform.
In this context, Saeed Embabi, Executive Director of the “iSagha” platform, stated: Gold prices in the Egyptian market jumped by about 65 pounds during today’s trading, bringing the price of a gram of 21 karat gold to 6,800 pounds, while an ounce rose on the global stock market by approximately 102 dollars to trade near 5,090 dollars, after reaching its highest level ever at 5,111 dollars at the beginning of the European session.
He pointed out that the price of a gram of 24-karat gold reached about 7,771 pounds, while 18-karat gold reached about 5,829 pounds, and the price of a gold pound rose to approximately 54.4 thousand pounds.
Embaby also explained that gold prices in Egypt rose by about 580 pounds in just one week, as a gram of 21 karat gold opened trading at 6,155 pounds before concluding the week at 6,735 pounds.
At the global level, gold prices rose by about $392 per ounce, after trading began at $4,596 and closed near $4,988.
Gold recorded a new record, exceeding $5,100 per ounce, continuing its historic upward trajectory driven by increasing geopolitical risks and global economic uncertainty, which prompts investors to hedge with safe haven assets.
This rise comes in light of escalating tensions from Greenland and Venezuela to the Middle East, which enhances the attractiveness of gold as a hedge against political and economic turmoil. These factors also contribute to continued pressure on the US dollar, which supports gold prices and makes it more attractive to buyers from outside the US. (Arabic)
