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Gold prices on August 12, 2026
Gold prices in Egypt increased significantly today, with the 21-karat gold reaching 6,300 pounds per gram. This continues the upward trend after surpassing the 6,200-pound mark yesterday, marking the highest level in two months. The rise is attributed to the global ounce increasing in value and the stable exchange rate of the dollar against the Egyptian pound, which has exceeded 50 pounds, supporting local gold pricing. Markets are now awaiting the upcoming American economic data releases and changes in the dollar and global ounce prices, as these will influence gold price forecasts in the coming period.
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