Marsad Al Dahab : Gold Prices in Egypt Leap by 6,765 EGP Over 5 Years, a 1,289% Increase

In a long-term strategic reading, the "Marsad Al Dahab for Economic Studies" released an economic analysis of gold price movements in the Egyptian market from January 2021 through the end of the first quarter of March 2026. 

The report revealed a historic leap in the price of 21-karat gold, which surged by approximately 6,765 EGP. The price climbed from 525 EGP in January 2021 to 7,290 EGP by the end of March 2026, representing a cumulative increase of 1,289%—one of the strongest rallies in the history of the local market.

Annual Performance Breakdown:

Year Starting Price (EGP) Ending Price (EGP) Net Gain (EGP) Growth %

2021 525 797 +272 52%

2022 799 1,675 +876 110%

2023 1,675 3,175 +1,500 90%

2024 3,175 3,740 +565 18%

2025 3,740 5,830 +2,090 56%

2026 (Q1) 5,830 7,290 +1,460 25%

Key Drivers and Market Evolution:

2022 Acceleration: The pace of growth intensified as prices jumped from 799 EGP to 1,675 EGP. This 110% growth was driven by global market volatility, the devaluation of the local currency, and a surge in gold demand as a hedging tool.

2023 Peak Volatility: The market witnessed one of its most aggressive rallies, with the 21-karat gram gaining 1,500 EGP (a 90% increase) fueled by escalating inflation rates and heightened investment demand.

2024 Stabilization: Prices continued to rise but at a more tempered pace, recording an 18% growth.

2025 Re-acceleration: The upward momentum returned sharply, adding 2,090 EGP to the price per gram (a 56% increase).

2026 (Q1) Momentum: In just the first three months of 2026, gold maintained its strong momentum, adding 1,460 EGP to its value.

This historic trajectory confirms that over the past five years, gold has solidified its position as one of the most critical hedging and value-preservation tools in Egypt. Supported by exchange rate fluctuations, high inflation, and increased investment appetite, gold has become a primary asset for individuals and institutions seeking to protect purchasing power against economic volatility, despite periodic short-term corrections.