Egypt gold prices jump as US Fed holds rates
Gold prices in Egypt rose sharply on Thursday, July 30, 2026, following the Federal Reserve’s decision to keep interest rates unchanged. The price of a 21‑carat gram increased by about 45 EGP, reaching 5,930 EGP, while 24‑carat grams rose to roughly 6,777 EGP and 18‑carat grams to about 5,083 EGP. The local gold pound also climbed to 47,440 EGP.
Globally, the ounce of gold gained roughly 31 USD, pushing the price to around 4,081 USD per ounce. Analysts linked the rally to weaker US inflation data: the personal consumption expenditures (PCE) index rose 3.7 % year‑on‑year in June, with a 0.1 % monthly dip, and the core PCE edged up 0.1 % month‑on‑month, below the 0.2 % forecast. Central banks worldwide are reportedly accelerating purchases of gold as a strategic reserve.
The combination of steady US monetary policy, cooling inflation signals, and strong demand from Asian buyers, especially China, supported the price surge in both international and Egyptian markets.
Entities: Central Bank of Egypt · Egyptian Central Bank · Egyptian gold market · Egyptian pound · Federal Reserve · Gold · Gold market · Jordanian dinar · Kuwait · National Bank of Egypt · Omani riyal · Palestine
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] Core PCE increased 0.1 % month‑on‑month, slower than the expected 0.2 %, with an annual rate of 3.3 %. (US inflation detail in the observation report.)
- [○ 1 SOURCE] The US personal consumption expenditures (PCE) price index rose 3.7 % year‑on‑year in June, with a 0.1 % monthly decline. (US inflation data cited in the observation report.)
- [○ 1 SOURCE] The US Federal Reserve kept its policy interest rate unchanged in the 3.5 %–3.75 % range. (Fed decision referenced in the gold observation article.)
- [○ 1 SOURCE] The global price of an ounce of gold increased by about 31 USD to roughly 4,081 USD per ounce. (International market data cited in the gold observation report.)
- [● 2 SOURCES] The price of a 24‑carat gram of gold in Egypt reached roughly 6,777 EGP per gram on July 30, 2026. (Reported price listings.)
- [● 2 SOURCES] The price of a 21‑carat gram of gold in Egypt rose by about 45 EGP to 5,930 EGP per gram on July 30, 2026. (Price data reported in Egyptian market articles.)
- [● 2 SOURCES] The price of an 18‑carat gram of gold in Egypt rose to about 5,083 EGP per gram on July 30, 2026. (Market reports.)
- [○ 1 SOURCE] Central banks worldwide are accelerating purchases of gold to bolster strategic reserves. (Observation of global central‑bank activity noted in the Egyptian gold‑jump report.)