Gold prices climb in Egypt

Gold prices in Egypt rose today, Wednesday, July 22, 2026, reaching their highest levels in two weeks amid investor anticipation of the Federal Reserve meeting, which is expected to keep interest rates steady until the end of 2026 to address ongoing inflation. The price per gram of 24-karat gold reached approximately 6,800 Egyptian pounds, while the more widely traded 21-karat gold hit 5,950 pounds. The Gold pound (a bundle of 8 grams of 21-karat gold) was priced at 47,600 pounds. Globally, the price of gold increased to $4,113.73 per ounce, with expectations of maintaining stable U.S. interest rates throughout the year.

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