Egypt gold pound price update October 8

Gold prices in Egypt saw a slight decline on Thursday, October 8, 2026, at the start of trading compared to yesterday's prices. This comes amid a modest increase in global markets after reaching its lowest point in two months during the previous session, as markets await further clarity on the future interest rate path that the Federal Reserve will adopt. The price per gram of 24-karat gold was approximately 6,989 Egyptian pounds for selling and 6,932 pounds for buying. Meanwhile, 18-karat gold was around 5,242 pounds for selling and 5,199 pounds for buying. The most popular 21-karat gold traded at about 6,115 pounds for selling and 6,065 pounds for buying. The gold pound was valued at approximately 48,920 pounds for selling and 48,520 pounds for buying. Globally, gold prices rose by 0.4%, reaching $4,127.40 per ounce. Futures contracts for December delivery increased to $4,150.60, after touching their lowest level since August, impacted by the strength of the dollar and U.S. Treasury bond yields.

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