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A report on gold prices in Egypt on Saturday, September 5, 2026, indicates stability in prices during the early trading hours following a significant worldwide decline of over 1% in gold prices, caused by a drop in the ounce price in global markets. Gold prices for different denominations range between 5,400 and 7,200 Egyptian pounds per gram, with the most traded 21-karat gram priced at 6,300 pounds, and the gold pound at 50,400 pounds. The local gold price depends on several factors, including the global ounce price, the US dollar rate, and the level of demand and supply. It is also influenced by global economic developments and interest rate expectations, making prices subject to change throughout the day based on both global and local market movements.
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