Gold prices decline in Egypt today
Gold prices in Egypt today, Monday, October 5, 2026, experienced a decline at the start of trading compared to yesterday’s prices. The price of a gram of 24-karat gold reached approximately 7,017 EGP for sale and 6,960 EGP for purchase. The 18-karat gold gram sold for about 5,263 EGP, and bought for 5,220 EGP. The popular 21-karat gold, favored by Egyptians, was priced around 6,140 EGP for sale and 6,090 EGP for purchase. The gold pound (16 grams) was valued at 49,120 EGP for sale and 48,720 EGP for purchase. Globally, the price of an ounce fell to $4,131.61, experiencing a notable decline due to the Federal Reserve's interest rate hike—the first increase in three years. The decline in gold prices is attributed to the impact of rising interest rates on its appeal, as higher rates diminish the attractiveness of the metal, which does not generate fixed income.
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