21 Hrs
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المصري اليوم
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Gold prices and 21K rates on August 17 2026
The article reviews the gold prices in Egypt and globally, clarifying that the price of 21-karat gold per gram has stabilized at approximately 6,240 Egyptian pounds, after an increase of 10 pounds compared to previous levels. It also notes that gold prices worldwide have remained stable, with expectations that gold will trade between $3,800 and $4,200 per ounce during August, with a potential support level at $3,950. Additionally, it highlights that geopolitical tensions, especially between the United States and Iran, are affecting prices, and that demand from central banks, particularly China, is helping to support prices. On the other hand, the rise of the dollar against the Egyptian pound has impacted the local performance of gold, which has remained about 6% higher since the beginning of the year, with a discount of between $20 and $40 per ounce on the global price due to the market’s abundance of used gold.
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