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Gold prices surge at jewelry shops
Gold prices in Egypt experienced a sudden surge during trading on September 2, 2026, with the price per gram jumping by approximately 100 Egyptian pounds due to a global increase in the ounce price by about $65, approaching the $4,400 level. This rise was driven by a strong rally in international markets and influenced by movements in the ounce price, leading to increased demand for the precious metal locally. Today's gold prices include 24-karat at 7,200 Egyptian pounds, 21-karat at 6,300 pounds, and 18-karat at 5,400 pounds, with the gold pound priced at 50,400 pounds. This increase comes amid investor anticipation regarding interest rate movements and global monetary policies, and how these will impact investor appetite for gold as a safe haven.
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