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Latest Egypt gold price updates
Gold prices in the Egyptian market increased today, Thursday, with the 21-karat ring trading at approximately 5,965 Egyptian pounds, and the gold pound reaching 47,720 pounds. The 24-karat gold price was about 6,817 pounds per gram. This comes amid ongoing geopolitical tensions, global trade wars, and interest rate cuts, with the ounce expected to reach $6,000 by 2026, while U.S. interest rates remain at 3.5%. Prices are affected by continuous fluctuations in the global market, manufacturing costs, and taxes.
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