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Gold Prices Rise on Three Factors
Gold prices in Egypt rose today, Friday, August 21, 2026, supported by the ongoing increase in global precious metal prices, as the ounce gained about $40 to reach $4,593.1. The decline of the US dollar index also boosted gold's appeal as a safe haven. Globally, gold prices have increased for the third consecutive session, driven by the US Treasury Department's move to increase long-term bond purchases, which supported demand for the metal. In the Egyptian market, the price of a gram of 21-karat gold reached approximately 6,540 Egyptian pounds, while 24-karat gold was around 7,474.25 pounds. The influence of global market movements and the exchange rate of the dollar continues to shape local price trends.
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