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Gold prices rise 50 pounds Wednesday
Gold prices in the Egyptian market continued to rise during mid-day trading on Wednesday, September 9, 2026. The price per gram increased by about 50 Egyptian pounds compared to the start of the day, amid a $30 rise in the global ounce price. The price of a gram of 24-karat gold reached approximately 7,234 pounds, while the more widely traded 21-karat gold was around 6,330 pounds. The price of 18-karat gold was about 5,425 pounds per gram, and 14-karat gold was around 4,220 pounds. The price of a gold pound reached approximately 50,640 pounds. On the global level, the ounce of gold was trading at around $4,391 after opening at $4,355, influenced by price movements within a range of between $4,341 and $4,434, as markets closely monitor the metal’s developments and fluctuations in the dollar's value. The increase in gold prices is attributed to the rise in global prices, along with local demand for safe-haven bullion. The craftsmanship fee (making charge) varies depending on the karat and retailer, ranging between 3% and 7% of the gram's price.
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