Egypt gold prices fall September 15

Gold prices in Egypt experienced relatively stable levels at the start of Tuesday, September 15, 2026. The price of a gram of 24-karat gold was approximately 7,114 EGP for sale and 7,057 EGP for purchase. The widely used 21-karat gold for Egyptians stood at 6,225 EGP for sale and 6,175 EGP for purchase. The price of a gold sovereign (jewel) was around 49,800 EGP for sale. Globally, the gold price remained steady at approximately $4,300.96 per ounce after reaching its lowest level in over a month. Investors are awaiting the Federal Reserve's upcoming decision on interest rate hikes, which is expected to raise rates by a quarter of a percentage point to a range of 3.75% to 4.00%. This comes amid market anticipation regarding signals about the future of monetary policy, as gold is viewed as an inflation hedge, though rising interest rates tend to reduce its attractiveness.

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