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Gold prices today August 12 2026 21K gold at 6,300 EGP
Gold prices in Egypt rose today, Wednesday, August 12, 2026, as the precious metal continued approaching its highest levels in two months, supported by a global increase in gold prices and a decline in the dollar's exchange rate against the Egyptian pound. The price of 21-karat gold, the most traded in the Egyptian market, was approximately 6,300 Egyptian pounds per gram. Meanwhile, 24-karat gold reached 7,198.57 pounds. The main factor influencing these price movements is the rise in the global ounce price and fluctuations in the dollar rate, as the dollar surpassed 50 pounds, which helped boost local gold prices. It is expected that prices will be affected in the coming hours by developments in the global ounce price and dollar movements, especially as markets continue to await US economic data and potential changes in interest rates, which directly impact the price of the precious metal.
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