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Gold prices in Egypt remained steady on Sunday, July 12, 2026, staying close to the end-of-week levels after a significant drop the previous week. During that week, the 21-karat gold lost about 90 Egyptian pounds, due to a decline in the global price of an ounce and the rising dollar against the Egyptian pound. Conversely, global demand for gold remains strong, having increased by 2% in the first quarter of 2026. Locally, prices are influenced by international market movements, interest rates, and the dollar. Gold prices are expected to remain volatile in the coming period as investors monitor global market data and ongoing economic and geopolitical developments.
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