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Gold falls 130 pounds, now 6100

Gold falls 130 pounds, now 6100

Gold prices in Egypt declined by 130 Egyptian pounds per gram during today's trading on Monday, September 28, 2026, influenced by a sharp drop in global gold prices, where the ounce fell by 3.2% to approximately $4,149 — the lowest level in seven weeks. This decline is directly linked to the decrease in the worldwide price of the ounce and intensified pressures, as the 21-karat gold price broke below the support level of 6,200 pounds, with attempts to now breach the 6,100-pound level. Additionally, rising oil prices near $105 per barrel and increasing yields on US bonds are adding further pressure on gold prices, amid anticipation of important US economic data and its potential impact on the market during the week.

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