Egypt Gold Prices after Recent Drop

On Thursday, August 27, 2026, gold prices in Egypt experienced a relative decline compared to yesterday's levels amid market anticipation for Federal Reserve Chairman Kevin Woorch's statements regarding potential interest rate hikes in the United States in the coming months. The price of a gram of 24-karat gold was approximately 7,417 Egyptian pounds for selling and 7,360 pounds for buying. For 18-karat gold, prices hovered around 5,563 pounds for selling and 5,520 pounds for buying. The popular 21-karat gold was listed at 6,490 pounds for selling and 6,440 pounds for buying. The price of a gold pound was 51,920 pounds for selling and 51,520 pounds for buying. Globally, the price of one ounce of gold increased by 0.6%, reaching $4,618.93, as markets awaited the expected interest rate hike probabilities in the United States, which are anticipated at 36.5% in September and 72.7% in December, potentially impacting gold’s appeal as a non-yielding asset.

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