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Gold price July 18, 2026 24K at 6,651 EGP
Gold prices in Egypt today, Saturday, July 18, 2026, remained stable, with 24-karat gold approximately 6,651 Egyptian pounds without workmanship fees. This comes amid a global demand increase of 2% on an annual basis, reaching 1,230.9 tons in the first quarter of 2026. worldwide, the value of an ounce of gold declined to around $4,063.70 due to rising oil prices and tensions between the United States and Iran. The strength of the US dollar and higher Treasury bond yields continue to reduce gold’s appeal as a safe-haven asset. The market also experienced limited movement in the ounce’s price amid global anticipation due to military tensions and increased demand for safe assets, leading to rapid fluctuations in trading.
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