Gold in Egypt today dips again
Gold prices in Egypt fell today, Monday, September 28, 2026, influenced by the global decline of over 1.5% during trading. The price of a 21-karat gram reached approximately 6,235 Egyptian pounds for sale and 6,210 pounds for purchase, while the price of a gold pound decreased to around 49,880 pounds. This decline comes amid pressures from rising oil prices and growing concerns about inflation and U.S. interest rates, as the U.S. Federal Reserve raised interest rates by a quarter of a percentage point, bringing them to a range of 3.75% to 4%. The increase in interest rates impacts the attractiveness of gold as a safe haven, as it raises the cost of holding the precious metal and reduces investments in it, with markets continuing to monitor inflation forecasts and oil prices.
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