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Egypt Gold Prices August 28 2026

Egypt Gold Prices August 28 2026

Gold prices in Egypt today, Friday, August 28, 2026, experienced a relative increase at the start of trading compared to yesterday's figures. The price of a gram of 24-karat gold reached approximately 7,417 Egyptian pounds for sale and 7,343 pounds for purchase. Meanwhile, 18-karat gold was sold at about 5,563 pounds and bought at 5,507 pounds. The most popular karat in Egypt, 21-karat gold, was priced at 6,490 pounds for sale and 6,425 pounds for purchase. The gold pound itself was valued at 51,920 pounds for sale and 51,400 pounds for purchase. At the same time, global gold prices declined by 0.5%, reaching $4,576.30 per ounce after hitting their highest level in more than three months. Expectations indicate a 33.9% chance of the U.S. Federal Reserve raising interest rates in September, increasing to 74% by December. This outlook is influencing gold's trajectory as an inflation hedge.

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