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Gold price for August 25, 2026
Today in Egypt, gold prices are experiencing a decline due to a decrease in the global gold price following a strong upward wave. The price of 21-karat gold has stabilized at 6,570 Egyptian pounds per gram, despite reaching over $4,700 per ounce before taking profits. The decline coincided with the dollar's rise and the ounce dropping to around $4,640. The level of 6,600 pounds is considered a significant technical point for 21-karat gold, as closing below it indicates a corrective pressure after prolonged gains. Future price movements are expected to be influenced by the performance of the ounce and the USD exchange rate, with the potential to regain positive momentum if the ounce resumes its ascent. The levels of 6,570 and 6,600 pounds remain crucial in determining the trend.
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