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Egypt gold prices September 6, 2026

Egypt gold prices September 6, 2026

Gold prices in Egypt experienced a relative decline at the start of trading on Sunday, September 6, 2026, compared to last week's closing levels. This was influenced by strong U.S. data that reinforced expectations of a Federal Reserve interest rate hike in September, which diminished the appeal of the non-yielding metal. The price of a gram of 24-karat gold was approximately 7,240 Egyptian pounds for selling and 7,182.7 pounds for buying. Meanwhile, 18-karat gold was about 5,430 pounds for selling and 5,387.2 pounds for buying. The popular 21-karat gold price reached around 6,335 pounds for selling and 6,285 pounds for buying. The gold pound was approximately 50,680 pounds for selling and 50,280 pounds for buying. Globally, gold prices fell by 1.2%, reaching $4,419.09 per ounce, with December delivery U.S. gold futures declining by 1.4%. Prices are expected to continue rising if expectations of an interest rate increase persist, with potential scenarios predicting a rise to $5,000 per ounce and the "Jefree" company's estimate reaching $4,650 by the end of 2026.

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