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Gold prices August 10 2026 record 6989 pounds
The article highlights the stability of gold prices in Egypt on Monday, August 10, 2026, while global gold remains above $4,300 per ounce, supported by last week’s gains of 7.3%. This has led to an increase in the price of 24-karat gold per gram to 6,989 Egyptian pounds and the gold pound to 48,920 pounds. The stable prices are also backed by an improved exchange rate of the Egyptian pound against the dollar, which decreased by 2.7% last week, along with an increase in foreign currency reserves to $56.29 billion. These factors diminish the impact of higher global gold prices on the Egyptian market. Gold prices continue to be directly linked to the movement of the international ounce, the dollar exchange rate, and supply and demand, with expectations for ongoing interaction between global and domestic economic factors.
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