Egypt gold prices fall on September 2

On Wednesday, September 2, 2026, gold prices in Egypt experienced a relative decline at the start of trading, following a decrease in global gold prices to their lowest level in over three weeks. This decline was driven by rising oil prices and escalating tensions in the Middle East, which heightened concerns about inflation and interest rates. The price of a gram of 24-karat gold was approximately 7,103 Egyptian pounds for sale, while the more popular 21-karat was around 6,215 pounds for sale. The price of a gold gram of 22-karat was about 6,541 pounds. Globally, the price of an ounce fell to its lowest level since August 7, as futures continued to decline and a strong dollar persisted, increasing the cost for investors to purchase gold.

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