Gold prices in Egypt rose slightly on Saturday even as global markets were closed. The metal posted its largest weekly decline since early June amid higher US Treasury yields.
Spot gold ended the week at about $4,017 per ounce, down $103 or 2.5 percent. Rising US Treasury yields and a stronger dollar outweighed support from geopolitical tensions.
In Egypt, 21-karat gold increased by EGP 10 to EGP 5,810 per gram. The 24-karat price reached EGP 6,640 per gram while 18-karat gold traded at EGP 4,980 per gram.
Walid Farouk of Marsad Al Dahab for Economic Studies noted gradual recovery in jewellery demand. Manufacturers have added lower-weight products to attract buyers. The World Gold Council expects prices to trade in a narrow range around current levels for the rest of 2026.