Monday, September 14, 2026, 4:19 PM
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Egyptian Gold Prices Dip Slightly as Oil Gains Fuel US Fed Rate Hike Bets

Monday 14 September 2026 09:42
Egyptian Gold Prices Dip Slightly as Oil Gains Fuel US Fed Rate Hike Bets

Gold prices in Egypt registered a slight decline during early trading on Monday, September 14, 2026, easing from levels recorded the previous day. The domestic downturn reflects soft international bullion prices at the start of the trading week, where rising crude oil prices and renewed inflation concerns have bolstered investor expectations that the U.S. Federal Reserve will raise benchmark interest rates at its policy meeting this week.

Domestic Gold Rates in Egypt

According to benchmark data published by iSagha (excluding vendor fabrication fees and workmanship costs), prices across major karats traded as follows:

KaratSelling Price (EGP)Buying Price (EGP)

24-Karat (per gram)EGP 7,177EGP 7,120

21-Karat (per gram)EGP 6,280EGP 6,230

18-Karat (per gram)EGP 5,383EGP 5,340

Note: Final retail prices vary across jewelry merchants and regional markets based on added workmanship costs (masna'eya).

Global Market Dynamics

Macro Pressures: Global spot bullion traded under modest downward pressure early Monday, pressured by an uptick in oil prices that re-ignited broader inflation concerns.

Monetary Tightening Outlook: The macroeconomic backdrop has reinforced expectations that the Federal Open Market Committee (FOMC) will deliver an interest rate increase during its upcoming meeting, boosting yields and curbing near-term appetite for non-yielding bullion.