Gold prices August 12 Egypt
Gold prices in Egypt experienced a slight increase on Wednesday, August 12, 2026, at the start of trading, coinciding with a rise in gold prices globally. Investors are closely monitoring US inflation data and its potential impact on Federal Reserve interest rate policies. The price of 24-karat gold per gram reached approximately 7,194 Egyptian pounds, while 21-karat gold was around 6,295 pounds, and 18-karat gold about 5,396 pounds. The cost of a gold pound surpassed 50,000 pounds, reaching 50,360 pounds, influenced by international gold prices and fluctuations in the dollar exchange rate. Globally, gold prices increased by 0.9% to $4,406.34 per ounce, as expectations of a US interest rate hike eased, leading to higher gold prices and anticipation of further gains in the local market.
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