18-Carat Gold Reaches EGP 5,276 per Gram in Egypt

The price of 18-carat gold in Egypt stood at EGP 5,276 per gram, as global gold markets remained sensitive to the strength of the US dollar and rising Treasury yields.

A persistently strong dollar can weigh on gold demand by making the dollar-priced metal more expensive for buyers using other currencies.

Higher US Treasury yields also reduce the appeal of gold, which pays no interest. Interest-bearing assets can become more attractive to investors as their returns rise.

Together, these factors put pressure on demand for gold as a safe haven. The quoted 18-carat price provides a local market reference, but no comparison was provided to indicate whether it had risen or fallen.