Gold pound price rises after 21-karat jewelry surge
Gold prices in Egypt rose today, Wednesday, August 12, 2026. The 24-karat gold price reached approximately 7,198.57 Egyptian pounds, the 21-karat at around 6,300 pounds, and the 18-karat at about 5,401.43 pounds. The price of the gold pound remains steady at approximately 50,400 pounds. The increase in prices is attributed to the ongoing rise in global gold ounce prices, the strength of the US dollar against the Egyptian pound, and market expectations regarding US economic data that could influence interest rates and movement in the yellow metal.
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