Zainab Yahya
Gold prices in Egypt declined slightly during today ' s Sunday 10 May 2026 transactions, with the price of 21 calibres falling from Pound775 to Pound6995, decreasing by 0.14%, in a state of balance between the supporting factors and the pressure on the world ' s precious metal, in accordance with a technical report from the I-E-Laqa platform.
Gold prices were recorded during today ' s dealings, cal. 24, p. 7995, £21, about 6995 and £18, while the gold pound price was £55960, while the timing worldwide recorded some $417.
Limited decline in local gold prices
The Engineer Said Mbabe, Executive Director of the I-E-Laqa platform, said that the limited decline in domestic gold prices reflected the influence of the Egyptian market on relatively neutral global developments, particularly with the growing positive expectations of the possibility of an American-Iranian agreement that could help to calm global inflationary pressures and reduce the fragility associated with energy prices.
Relative exchange rate stability
Mbabi explained that the exchange rate of the dollar against the Egyptian pound had experienced relative stability during the period of analysis, with the dollar registering approximately Pound52.77 on 9 May, before decreasing to Pound52.61 on 10 May, reflecting a slight improvement in the value of the Egyptian pound, which supported the decline in the price of gold locally, as the genie ' s force was reducing the cost of importing gold in dollar terms.
Price gap between domestic and global prices
He noted that the price gap between the local price and the world price equivalent to gold remained within the natural limits, with the world price equivalent to the 21 cal. 132.66 dollars, equivalent to approximately Pound6964 at the prevailing exchange rate, while the local price recorded 705 pounds, an estimated 35 to 40 pounds, a natural gap reflecting operating costs and trade margins in the local market.
The Executive Director of the I-I-I-I-I-Laqa platform confirmed that the gold movement over the past two days has been relatively stable, with a circulation range of Pound775-740 on 9 May, before settling at Pound6995 during the 10 May transactions, with a clear reduction in the number of price updates, reflecting a decline in circulation volumes within the local market.
Global markets had also seen a rise in the appetite of risk, after exceeding a currency. «Bitkin.» $80,000, with about $80.769, benefiting from improved investor morale and positive expectations for digital legislative activity.
Outlook for the coming period
The engineer Saeed Mbaby expected that gold prices would continue to move accidentally with a slight downward trend in the short term, with the balance of factors affecting the market.
The most significant price support factors were the continued rise in United States inflation rates, the persistence of high interest rates and the global geopolitical uncertainty.
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