Gold price in Egypt today, Thursday, January 8, 2026
Global gold price
Gold prices fell to around $4,420 an ounce on Thursday, continuing their losses for the second consecutive session, as investors assessed mixed US economic data, while geopolitical developments remained a key focus.
Job openings fell more than expected in November, indicating weak labor demand, while private sector jobs increased less than expected in December.
However, Institute for Supply Management (ISM) data showed stronger-than-expected growth in the services sector.
Investors are now looking to Friday's nonfarm payrolls report for guidance on the central bank's policy stance, with markets expecting two interest rate cuts this year.
On the geopolitical front, Washington has laid out plans for long-term control over Venezuelan crude oil sales, while US authorities have seized additional tankers linked to Venezuela.
On the other hand, the Chinese central bank extended its gold purchase program to 14 consecutive months in December.
Gold prices in Egypt
Gold prices fell in Egypt on Thursday, with the most traded 21-karat gold now trading at 5,935 pounds.
The price of 24-karat gold reached 6,783 pounds, while 18-karat gold is trading at 5,087 pounds per gram.
On the other hand, the price of the dollar fell today in Egypt to 47.60 pounds, with a slight decline in the price of the dollar within official banks in Egypt to 47.30 pounds.
There were also declines in the price of the dollar on the black market to 47.57 pounds.
