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Gold Price Stable at 49,975 Pounds
The price of the gold pound remained stable today, Wednesday, September 16, 2026, at 49,975 Egyptian pounds in the Egyptian market. This stability comes amidst steady local gold prices and expectations of movements in the global market, as well as the U.S. Federal Reserve’s decision regarding interest rates. The price of the gold pound is directly linked to the price of 21-karat gold and fluctuations in the dollar exchange rate. The rise of the dollar above 52 pounds has helped support price stability, despite a decline in demand due to increased supply during the back-to-school season. On the global level, the market experienced declines, with the gold ounce reaching its lowest point in six weeks at $4,253, amid rising U.S. bond yields and expectations of a rate hike, which negatively impact gold prices worldwide.
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