Gold prices in Egypt declined by 10 Egyptian pounds on Thursday bringing the benchmark 21-karat gold down to 6,100 Egyptian pounds per gram amid shifting global monetary policies.
- Spot Valuation: Pure 24-karat gold settled at 6,971 pounds per gram, while 18-karat reached 5,228 pounds, and standard gold pound coins traded at 48,880 pounds.
- Federal Reserve Stance: The U.S. Federal Reserve maintained its primary interest rate at a range of 3.75% to 4% during its meeting on Wednesday, holding rates steady for the first time in three years.
- Inflation and Energy Pressures: U.S. consumer price index data showed a 0.4% increase in October, driving probability metrics for a December rate hike to 100% according to market data highlighted by Al-Mal News.
The domestic dip follows a volatile trading window on Wednesday, November 11, 2026. Shorouk News reported that 21-karat gold previously rose to 6,160 pounds mid-week before profit-taking trimmed values. Meanwhile, Masrawy said that 10-gram gold bars traded near 70,000 pounds, with 50-gram bullion pieces reaching 350,000 pounds based on raw metal values.
Al-Mal News reported that international spot gold fell to 3,987 dollars per ounce during the corresponding session. This contraction occurred as energy costs remained elevated above 100 dollars per barrel, compounding inflationary pressures tied to geopolitical tensions in the Middle East.
| Gold Category | Price per Gram (EGP) |
|---|---|
| 24-Karat Gold | 6,971 |
| 21-Karat Gold | 6,100 |
| 18-Karat Gold | 5,228 |
| Gold Pound Coin | 48,880 |
Central bank decision-making continues to track diplomatic developments between the United States and Iran. Market participants are monitoring potential agreements that could ease supply constraints on global oil markets.
Long-term projections indicate that ongoing geopolitical risks, paired with expectations of a broader global monetary easing cycle, could push international bullion prices toward 6,000 dollars per ounce in 2026.
