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بوابة أخبار اليوم
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Gold prices update after 80-pound weight loss
On Tuesday, July 28, 2026, gold prices experienced a decline both globally and locally. Gold per gram dropped by approximately 80 Egyptian pounds, influenced by fluctuations in the ounce price in the international market and the US dollar exchange rate, amid rising demand for safe-haven assets. The price for the 21-karat (the most requested purity in the local market) per gram was about 5,860 pounds without manufacturing costs, down from 5,940 pounds. There is an approximate difference of around 50 pounds between selling and buying prices. Worldwide, the ounce of gold lost $49, settling at $4,027, amid anticipation of the results of the upcoming Federal Reserve meeting regarding future interest rates. Changes in interest rates tend to have a negative or positive impact on gold prices. It is generally expected that rising interest rates reduce demand for gold, while lowering them increases its appeal as a store of wealth. Manufacturing or craftsmanship fees range between 3% and 7% of the price per gram, varying according to the purity and industrial activity involved.
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