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Gold prices in the Egyptian market remained stable at the start of trading on Wednesday, August 26, 2026, as investors awaited global movements in ounce prices and the dollar's exchange rate. The price of 24-karat gold reached approximately 7,508.57 Egyptian pounds per gram, the highest purity level, significantly impacting the price of gold bars. The price of an ounce of gold was around 233,517 Egyptian pounds in the local market, compared to approximately $4,655.70 worldwide. Future price movements are expected to be influenced by global trends in ounce prices and the dollar exchange rate, with potential stability or decline depending on the global performance of this precious metal.
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