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Gold pound priced at 50,400 pounds
Gold prices in Egypt increased on Wednesday, August 12, 2026, as the precious metal neared its highest levels in two months. This rise was supported by a global uptick in the ounce price and the dollar's advance against the Egyptian pound, surpassing the 50-pound mark. The price of 24-karat gold was approximately 7,198.57 Egyptian pounds, while 21-karat gold reached 6,300 pounds. The 22-karat gold pound was valued at 50,400 pounds, and the ounce remained around 223,876 pounds. Markets are now watching the movements of the ounce and the dollar, along with upcoming U.S. economic data that could influence interest rate expectations and gold prices in the near future.
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