Egypt gold prices rise today
Gold prices in Egypt experienced a new increase today, Monday, August 24, 2026, driven by the global rise of the precious metal. The price of the 21-karat gram, the most traded caliber, reached 6,640 Egyptian pounds, an increase of 40 pounds from yesterday's close. This rise occurred despite a limited decline in the dollar’s exchange rate against the pound, as global gold prices remain above $4,600 an ounce, directly impacting local prices. It is expected that the 21-karat price will remain stable above 6,600 pounds, as the market moves toward establishing a new price base and possibly continuing the upward trend, supported by the ongoing strength of global gold. However, there are also prospects of selling to lock in profits as the school season approaches.
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