Friday 13/March/2026 – 09:24 AM
I witnessed Gold prices In the Egyptian market, there was a slight increase at the beginning of trading today, Friday, after a decline locally yesterday evening, Thursday, as the price of a gram of 21 carat gold, which is the most widely traded in the markets, decreased by about 85 pounds compared to its levels during the middle of trading, reaching about 7,440 pounds per gram without taking into account the workmanship.
This price movement comes in conjunction with the continuing geopolitical tensions in the Middle East region, which prompts global investors to turn towards gold as one of the most prominent safe havens in times of economic and political instability.
Gold prices today
- 24 karat: about 8514 pounds per gram (without manufacturing).
- 22 carat: about 7,805 pounds per gram (without manufacturing).
- 21 karat: about 7450 pounds per gram (without manufacturing).
- 18 karat: about 6,386 pounds per gram.
- Gold pound: about 60,040 pounds.
- An ounce globally: about $5,092.
Globally, gold prices rose, supported by a decline in the dollar and a decline in US Treasury bond yields, at a time when investors are evaluating the economic repercussions of escalating tensions in the Middle East.
By this morning, the price of gold in spot transactions rose by 0.7% to reach $5,112.34 per ounce, while US gold futures contracts for April delivery fell by 0.2% to record $5,115.80 per ounce.
Despite this rise, the precious metal is still down by about 1% since the beginning of the week, affected by declining expectations for a cut in US interest rates in the near term, in light of rising energy prices that increase concerns about inflation.
