Business · Energy & Commodities · 12 hrs ago
Gold prices in Egypt fall by 45 pounds per gram
Gold prices fell in Egypt during Tuesday trading.
A gram of 21-carat gold, a common measure in the local market, dropped about 45 Egyptian pounds to 6,125 pounds.
The price of 24-carat gold was about 7,000 pounds per gram, while 18-carat gold was about 5,250 pounds.
The decline reflects pressure on gold worldwide, including rising expectations that the US Federal Reserve will raise interest rates in December.
Higher rates can make investments that pay returns more attractive than gold, which does not pay interest.
That shift can reduce gold’s appeal to people choosing where to put their money.
The global price of an ounce of gold was about $3,909; the sources give no further details about what may happen to prices next.
Gold prices in Egypt fell by about 45 Egyptian pounds per gram for 21-carat gold on Tuesday.
The 21-carat price reached about 6,125 pounds per gram, according to the iSaqa platform.
The report attributed the decline to global pressure on gold and rising expectations of a US Federal Reserve rate increase in December.
The price of 24-carat gold was about 7,000 pounds per gram, while 18-carat gold was about 5,250 pounds.
The global price of an ounce of gold was about $3,909.
- Who
- Gold buyers and sellers in Egypt; the report cited data from the iSaqa platform and comments from its CEO, Saeed Imbabi.
- What
- Gold prices in Egypt fell, with 21-carat gold down about 45 pounds to 6,125 pounds per gram.
- When
- Tuesday, November 3, 2026.
- Where
- Egypt; the report also gave a global gold price.
- Why
- Global pressures on gold and increased expectations of a US Federal Reserve rate increase in December weighed on its appeal compared with yield-generating assets.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- 21-carat gold
- About 6,125 Egyptian pounds per gram, down about 45 pounds
- 24-carat gold
- About 7,000 Egyptian pounds per gram
- 18-carat gold
- About 5,250 Egyptian pounds per gram
- Gold pound
- 49,000 Egyptian pounds
- Global gold price
- About $3,909 per ounce
- Published
- November 3, 2026