Gold prices on October 19, 2026
The price of 21-karat gold in Egypt saw a slight increase today despite a decline in global tola prices, due to the rise of the dollar and increasing oil prices, along with investors awaiting the Federal Reserve's meeting minutes. Local prices ranged, with 24-karat gold around 7,177 Egyptian pounds, 22-karat about 6,580 pounds, and 18-karat approximately 5,383 pounds. The price of the gold pound varied, reaching 50,240 pounds. Gold prices in Egypt are influenced by several factors, including the global price of an ounce, the exchange rate of the dollar, local demand, and economic and political developments. The rising dollar has impacted price stability despite global pressures.
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