# Significant drop in gold price in Egypt as local pricing gap widens

> Gold prices in Egypt fell on 3 November 2026 amid global pressure on the metal, with 21-karat gold down about 45 pounds to roughly 6,125 pounds per gram. The local price fell less than the global equivalent, widening the gap with the theoretical ounce value, which stood near $3,909.

- Date: 2026-11-03 · published 2026-11-03T15:13:46.344Z
- Category: market · region Egypt · magnitude low
- Page: https://feedsoft.ai/events/77931-significant-drop-in-gold-price-in-egypt-as-local-pricing-gap-widens
- Commodities: [Egyptian Pound (EGP per USD)](https://feedsoft.ai/c/USDEGP.md)

## Why it matters

Expectations of another US Federal Reserve rate hike in December raise the opportunity cost of holding gold, weighing on prices. This is a gold market move with no direct effect on feed ingredient supply or prices.

## Sources

- alarabiya.net: https://www.alarabiya.net/aswaq/egypt-economy/2026/11/03/%D8%AA%D8%B1%D8%A7%D8%AC%D8%B9-%D9%83%D8%A8%D9%8A%D8%B1-%D9%84%D8%B3%D8%B9%D8%B1-%D8%A7%D9%84%D8%B0%D9%87%D8%A8-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1-%D9%88%D9%81%D8%AC%D9%88%D8%A9-%D8%A7%D9%84%D8%AA%D8%B3%D8%B9%D9%8A%D8%B1-%D8%AA%D8%B1%D8%AA%D9%81%D8%B9

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.