Gold hits 6,330 pounds amid shop holiday

The price of gold in Egypt remained steady today, Sunday, August 30, 2026, at the same level as yesterday's closing. The 21-karat gold price recorded approximately 6,330 Egyptian pounds, amidst a halt in buying and selling activity due to the jewelry shops' holiday. Meanwhile, the global gold price stayed around $4,455 per ounce, as investors await the impact of the US dollar exchange rate and developments in interest rates on the yellow metal, which has seen a 29.18% increase over the past year. It is expected that price trends for the upcoming week will be shaped by the resumption of global trading and ongoing geopolitical tensions, which tend to boost demand for gold as a safe haven.

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