Egypt Gold Prices Dip on July 28, 2026, Tracking Global Decline Ahead of Fed Decision

Tuesday 28 July 2026 08:34

Gold prices in Egypt experienced a slight decline during early trading on Tuesday, July 28, 2026, mirroring a broader retreat in international bullion markets.

Globally, the precious metal came under pressure from a strengthening US dollar, as market participants cautiously await the Federal Reserve's upcoming monetary policy decision for fresh cues on the interest rate trajectory.

Local Market Breakdown

According to the latest data from local gold pricing platform iSagha, average retail prices in Egypt—excluding craftsmanship (masna'eya) and processing fees—were recorded as follows:

24-Karat Gold: Quoted at EGP 6,794 for selling and EGP 6,737 for buying per gram.

21-Karat Gold (Most Popular): Stood at EGP 5,945 for selling and EGP 5,895 for buying per gram.

18-Karat Gold: Recorded EGP 5,096 for selling and EGP 5,053 for buying per gram.

Retail prices across local jewelry shops may vary slightly depending on location and additional making charges per piece.