Gold in Egypt exceeds 7000 pounds per gram
Gold prices in Egypt today, Saturday, September 12, 2026, have risen, with the price of 24-karat gold exceeding 7,000 pounds, registering approximately 7,222 pounds per gram. The more widely traded 21-karat gold is around 6,320 pounds. The increase in prices is driven by the rise in global gold prices resulting from recent U.S. inflation data, which showed a 0.3% monthly increase and a 3.4% rise year-over-year in the Consumer Price Index. The preference for 21-karat gold in the Egyptian market is due to its balance of purity and affordability. Additionally, the local gold market is influenced by expectations regarding U.S. interest rate policies and geopolitical risks, as investors await Federal Reserve decisions on interest rates, which will determine the future direction of gold prices.
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