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Gold prices fall on August 12
Gold prices in Egypt today, August 12, 2026, have decreased by about 20 pounds per gram, following a wave of increases that pushed the precious metal to record levels. The 21-karat gold price is approximately 6,320 pounds per gram, while 24-karat gold reached around 7,225.71 pounds. The price of the gold pound has also fallen to 50,560 pounds. This decline comes after strong previous gains, amid continued high levels for the global ounce, and the influence of the dollar exchange rate, which has reached 50.20 pounds. Investors are also awaiting U.S. inflation data, which will impact interest rate expectations and the gold markets.
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