Gold price today August 21 2026
The price of 24-karat gold today remains around 7,371 Egyptian pounds per gram, following a significant increase in the previous session supported by the rise in the global ounce price to its highest level in three months at $4,524, along with the continued strength of the dollar in Egypt. Price forecasts depend on maintaining the ounce trading above $4,500, which could support testing the highest level at $4,524 and increasing upward momentum. Conversely, a drop in the ounce below $4,500 might open the door for profit-taking and targeting support at $4,400. The high dollar rate, around 51 pounds, continues to support gold prices in Egypt, despite a decline in domestic demand as the school season approaches, which may limit the market's ability to benefit from the global gold price increases.
Notice: This Is an AI-Generated Summary
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