Gold Price Today, Friday, March 13, 2026
Global Gold Price
Gold prices are heading towards a weekly loss for the second consecutive week, as the precious metal faces pressure due to the rising dollar, higher oil prices, and uncertainty surrounding the Federal Reserve's policy amid renewed inflationary pressures.
However, expectations remain that the precious metal will return to an upward trend after these downward corrections, which are expected to be limited.
Traders are awaiting the release of important data from the US economy today, namely the Personal Consumption Expenditures (PCE) figures, the Federal Reserve's preferred inflation gauge.
Gold Prices in Egypt
Despite the global price decline, gold prices rose in Egypt today, Friday, due to the appreciation of the Egyptian pound. The price of 21-karat gold, the most traded in Egypt, reached 7,440 Egyptian pounds.
The price of 24-karat gold is trading at 8,503 Egyptian pounds, while 18-karat gold is trading at 6,377 Egyptian pounds per gram.
On the other hand, the price of the dollar at the gold market rose today to 51.90 Egyptian pounds, while the official exchange rate in Egyptian banks reached 52.49 pounds. The dollar also rose in the parallel market and is currently trading at 52.75 pounds.
