Egypt gold prices fall on September 7

Gold prices in Egypt today, Monday, September 7, 2026, experienced a moderate decline at the start of trading. The price of a gram of 21-karat gold, the most popular purity, was approximately 6,325 EGP for selling and 6,275 EGP for buying. Meanwhile, the price of a gram of 24-karat gold was around 7,229 EGP for selling and 7,172 EGP for buying. Globally, gold prices fell by 0.5% to $4,405.47 per ounce, amid continued expectations of an interest rate hike in the United States after the release of strong labor market data, which increased pressure on the precious metal. Experts predict that the U.S. Federal Reserve will maintain its hawkish monetary policy, affecting gold's performance both locally and internationally.

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