Gold in Egypt nears 7300 pounds per gram
Gold prices in Egypt saw a significant increase during trading on August 19, 2026, with the price of a 21-karat gold gram rising by 120 Egyptian pounds to reach 6,340 pounds. The price of 24-karat gold amounted to approximately 7,246 pounds, 18-karat gold around 5,434 pounds, and 14-karat gold about 4,227 pounds. The gold pound recorded a value of 50,720 pounds. This rise follows a period of price decline and reflects the impact of global market factors, especially the weakening of the dollar, as well as investors' expectations regarding interest rates in Egypt. Markets are also closely watching the upcoming meeting of the Central Bank of Egypt, which is expected to keep the interest rate unchanged amid expectations that the U.S. Federal Reserve will not raise rates in September.
Notice: This Is an AI-Generated Summary
Comments (0)