# Gold above $4,000 an ounce… why isn’t the price of gold rising in Egypt?

> International gold rose about 3.6% between October 30 and November 6, reaching $4,060.83 per ounce, while Egypt’s 21-karat local price fell from 6,280 to 6,230 pounds per gram. The article attributes the divergence to the combined influence of global gold, the exchange rate, local supply and demand, and trading costs.

- Date: 2026-11-06 · published 2026-11-06T15:13:32.189Z
- Category: market · region Egypt · magnitude low
- Page: https://feedsoft.ai/events/84197-gold-above-4-000-an-ounce-why-isn-t-the-price-of-gold-rising-in-egypt
- Commodities: [Egyptian Pound (EGP per USD)](https://feedsoft.ai/c/USDEGP.md)

## Why it matters

This concerns gold pricing and local currency transmission, with no stated supply or demand effect on feed commodities.

## Sources

- youm7.com: https://www.youm7.com/story/2026/11/6/%D8%A7%D9%84%D8%A3%D9%88%D9%82%D9%8A%D8%A9-%D9%81%D9%88%D9%82-4-%D8%A2%D9%84%D8%A7%D9%81-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%84%D9%85%D8%A7%D8%B0%D8%A7-%D9%84%D8%A7-%D9%8A%D8%B1%D8%AA%D9%81%D8%B9-%D8%B3%D8%B9%D8%B1-%D8%A7%D9%84%D8%B0%D9%87%D8%A8/7608407

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