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بوابة أخبار اليوم
Gold pound prices rise on August 10
The price of the gold pound in the Egyptian market experienced a limited increase today, Monday, August 10, 2026. Its price reached 49,040 Egyptian pounds, excluding manufacturing costs, an increase of 160 pounds compared to yesterday. This rise is due to market anticipation of geopolitical developments, the impact of U.S. Federal Reserve monetary policy, and future interest rate movements. The gold pound is composed of 21-karat gold and weighs 8 grams; its manufacturing fee ranges between 50 to 75 pounds per gram, with the possibility of recovering part of that fee upon sale. It is a popular investment option because of its low manufacturing costs and ease of trading. There are two main types of the gold pound: the locally stamped version issued by the Supply Directorate, and the old British version from coins dating back to 1911. Both feature 21-karat gold and their prices are directly influenced by market fluctuations and economic conditions.
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