Gold prices in Egypt reach 50,100 pounds
Gold prices in Egypt experienced a slight increase today, Sunday, October 18, 2026, at the start of trading compared to last week's closing prices. Meanwhile, global gold prices suffered a weekly loss due to mounting expectations of another U.S. interest rate hike following inflation data that came in higher than anticipated. The price of 24-karat gold in Egypt was approximately 7,166 Egyptian pounds per gram for selling, and 7,126 pounds for buying. The more popular 21-karat gold was around 6,270 pounds for selling and 6,235 pounds for buying. The price of a gold pound reached about 50,160 pounds. On the international level, spot gold prices declined by 0.1% to $4,165.12 per ounce, maintaining a weekly loss of 0.7%. Simultaneously, U.S. gold futures rose by 0.3% to reach $4,181.10 per ounce.
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