Gold Price Today, Tuesday, April 28, 2026
Global Gold Price
Gold prices fell sharply today to below $4,700 per ounce, reaching $4,620 per ounce.
Rising energy prices have fueled inflation fears and reinforced expectations of a high-interest-rate environment.
Market sentiment declined after President Trump and his national security team expressed skepticism about Iran’s latest proposal, which includes lifting the U.S. blockade on Iranian ports and postponing nuclear negotiations.
The continued disruption of oil, gas, and refined product flows through the Strait of Hormuz has exacerbated global inflation fears, increasing expectations that major central banks, including the Federal Reserve and the European Central Bank, may keep interest rates high for longer.
Although gold is considered a hedge against inflation, rising interest rates reduce its appeal, as it does not generate a yield compared to other assets.
In this context, the Bank of Japan’s stance reflects a mix of caution and concern, as it kept interest rates unchanged during its meeting today, while three members of its board proposed raising borrowing costs, signaling mounting inflationary concerns linked to geopolitical tensions.
The Bank of Japan raised its inflation forecast significantly, while emphasizing the need to monitor the risk of exceeding target inflation levels, which increases the likelihood of an interest rate hike in the coming months.
Gold Prices in Egypt
Gold prices in Egypt fell on Tuesday, with the price of 21-karat gold the most traded in Egyptreaching 6,935 pounds.
The price of 24-karat gold is trading at 7,926 pounds, while 18-karat gold is trading at 5,944 pounds per gram.
On the other hand, the price of the gold dollar rose today to 53.40 pounds, with the dollar rising to 52.80 pounds at official banks in Egypt.
The dollar also rose in the parallel market and is currently trading at 52.93 pounds. For further updates and real-time prices, visit our website here
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