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Gold price October 8th 1-karat 5237 pounds
Gold prices in Egypt today, Thursday, October 8, 2026, have decreased. The 24-karat gold reached approximately 6,982 Egyptian pounds, the 21-karat gold was priced at 6,110 pounds, and 18-karat gold stood at 5,237 pounds. The price of a gold pound now stands at 48,880 pounds. These declines come amid the effects of the American-Israeli conflict on Iran, alongside oil prices rising above $100 per barrel, which increases inflationary pressures and impacts monetary policies. Meanwhile, the U.S. Federal Reserve raised interest rates by 25 basis points for the first time in three years, in an effort to bring inflation back to the targeted 2%, amid the repercussions of geopolitical tensions and rising energy costs.
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