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المصري اليوم
Gold prices fall mid-trading on July 29
Gold prices decreased today, Thursday, July 29, 2026, in both the local and global markets. The price dropped by about 10 Egyptian pounds per gram amid rising U.S. Treasury bond yields and comments from the Federal Reserve Chairman regarding efforts to combat inflation. The price of 21-karat gold reached approximately 6,020 pounds, including craftsmanship fees, while 18-karat gold was priced at 5,074 pounds, and 24-karat gold at 6,765 pounds. The price of a gold pound was 47,360 pounds. The decline is attributed to a global drop in gold prices to $4,048.39 per ounce, driven by the increase in U.S. bond yields.
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