Business
Egypt gold dips mid-Wednesday after 21-carat hits five-week high
October 28, 2026 at 11:01 AM
Egyptian gold prices slipped mid-Wednesday trading after 21-carat reached a five-week high, as the global ounce declined and a strong dollar supported local prices.
- Gold prices in Egypt fell mid-Wednesday, with 21-carat at 6,380 EGP per gram, said Nady Naguib, former gold division secretary-general.
- Twenty-one-carat reached 6,390 EGP on Tuesday, a five-week high, before opening Wednesday at 6,380 and slipping to 6,375.
- Global gold fell 0.12% to about $4,055 an ounce on Wednesday, according to Bloomberg data.
- The dollar held above 56 EGP in Egyptian banks on Wednesday, near historic highs.