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Global and Local Gold Prices Rise as 21-Karat Gold Gains 30 Pounds

Global and Local Gold Prices Rise as 21-Karat Gold Gains 30 Pounds

Gold prices have risen globally and locally during today's trading on Friday, July 17, 2026, supported by the increase in the ounce price in the international market and anticipation of recent U.S. economic data. The price of a gram of 21-karat gold, the most traded in Egypt, ranged between 5,800 and 5,820 Egyptian pounds, an increase of about 30 pounds compared to the start of the day. Meanwhile, the price of an ounce climbed to approximately $4,012, up from $3,976 at opening. This upward movement comes amid market anticipation of upcoming U.S. economic data results and the impact of geopolitical developments, especially the Iran conflict, on gold price movements. Despite today's rise, global markets are heading towards closing the week with losses exceeding $100 per ounce, as investors await the influence of U.S. data on Federal Reserve policies and interest rates.

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