Egypt gold prices decline again

Gold prices in Egypt today, Tuesday, July 28, 2026, experienced a slight decline at the start of trading, influenced by a drop in the yellow metal's value in global markets due to the appreciation of the US dollar. The price of a gram of 24-karat gold was around 6,794 EGP for selling and 6,737 EGP for buying. Meanwhile, the 18-karat gold was approximately 5,096 EGP for selling and 5,053 EGP for buying. The 21-karat gold, which is the most popular in Egypt, traded at about 5,945 EGP for selling and 5,895 EGP for buying. The price of a gold pound was roughly 47,560 EGP for selling and 47,160 EGP for buying. Globally, the spot gold price decreased by 0.7%, reaching $4,044.81 per ounce, amid anticipation of the Federal Reserve's decision on monetary policy. Market expectations now favor a 62% chance of keeping interest rates unchanged, with a 38% chance of a 25 basis point hike.

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