Gold Prices in Egypt Stabilize Today, Sunday, November 15, 2026, Amid Local and Global Anticipation
Price Stability in Gold Shops
Gold prices in Egypt experienced notable stability during today's trading, Sunday, November 15, 2026, compared to yesterday's levels. This comes amid a state of caution and anticipation dominating the gold market following a sharp wave of declines witnessed by the yellow metal this week, which pushed 21-karat gold below the EGP 6,000 level.
Today's Gold Price Details
Prices for various karats in the local market stabilized as follows:
24-karat: EGP 6,811
21-karat: EGP 5,960
18-karat: EGP 5,109
14-karat: EGP 3,973
Gold Pound: EGP 47,680
Global Outlook and US Interest Rate Pressures
Globally, the gold ounce sought to recover during Friday's session, rising by 0.6% to record $3,923 after steep drops. However, it remains on track to record weekly losses exceeding 4% (losing around $300) after breaking key support levels. These pressures are driven by market expectations of a 25-basis-point US interest rate hike at the upcoming December meeting, which reduces the appeal of gold as a non-yielding asset, amid ongoing anticipation of dollar movements and global monetary policy.
