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Egypt gold prices October 22 2026
The article discusses gold prices in Egypt today, Thursday, October 22, 2026. The 21-karat gold, the most sold, is approximately 6,300 Egyptian pounds per gram, while the global trading price of an ounce of gold is around 4,130 dollars. Despite the rise in the dollar against the Egyptian pound to levels exceeding 54 pounds, gold price movements are also influenced by global developments, interest rate and inflation forecasts, as well as international market fluctuations and supply and demand dynamics. Financial forecasts indicate a decline in gold price targets for 2026, as CIBC Bank lowered its expected price per ounce from 6,500 to 4,500 dollars. Gold prices in Egypt are closely linked to movements in the dollar exchange rate and global ounce prices, with fluctuations impacting the local market.
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