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Gold price today: 7394 EGP
The price of 24-karat gold in Egypt today, Saturday, August 29, 2026, remains steady at 7,394.29 Egyptian pounds per gram, due to stable global gold prices and the local market's response to the movement of the gold ounce and the US dollar exchange rate against the Egyptian pound. Globally, the gold ounce experienced a slight increase of 0.1%, reaching a maximum of $4,614 per ounce after opening at $4,601. Gold prices are notably influenced by the movement of the US dollar and US interest rates; higher interest rates tend to hurt gold, while falling yields and increased demand for the precious metal support its prices. Currently, the main support level is between $4,600 and $4,570 per ounce, with markets watching US monetary policy developments. Demand from investment funds continues, but any global decline in prices could enhance buying opportunities.
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