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بوابة أخبار اليوم
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Gold drops 70 pounds in Egypt
Gold prices in the local market experienced a significant decline today, Friday, August 28, 2026. The price of a 21-karat gold gram decreased by 70 pounds to reach 6,410 pounds during the evening trading session, down from 6,480 pounds at the opening. This decline followed a global drop in the ounce by $125 after the Federal Reserve Chair's statements. The ounce's value fell to $4,476 from $4,601 at the start of trading, with prices continuing to fluctuate throughout the day. Additionally, gold prices in Egypt for other karat options such as 24, 18, and 14 also declined. Economic analyses attributed this volatility to expectations of an increase in US interest rates, with forecasts of further declines amid ongoing global market fluctuations.
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