Egypt Gold Prices October 7

On Wednesday, October 7, 2026, gold prices in Egypt experienced a slight decline at the start of trading compared to yesterday’s highs, amid a global drop in prices due to focus on the Federal Reserve's meeting minutes, which are being analyzed for clues about the direction of monetary policy. The price per gram of 24-karat gold was approximately 7,034 Egyptian pounds for sale and 6,977 pounds for purchase. The more widely traded 21-karat gold recorded 6,155 pounds for sale and 6,105 pounds for purchase. The gold pound was priced at 49,240 pounds for sale. Globally, the price of an ounce fell by 0.3%, reaching $4,150.23, as expectations for an interest rate hike in October declined, though the chances of an increase in December remain at 85%.

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