Gold rallies on escalating US-Israel strikes on Iran

Updated 3/1/2026 10:38:00 AM
Gold rallies on escalating US-Israel strikes on Iran

Arab Finance: Gold prices hiked significantly on Sunday as investors moved into safe-haven assets following the US-Israel strikes on Iranian targets.

The international ounce recorded $5,279.3 for buying and $5,277.7 for selling, as per Dahab Misr’s data.

By 10:36 am, the 24-karat gold price hit a new record, standing at EGP 8,600.28 for purchasing and EGP 8,467.72 for selling.

Meanwhile, the 21-karat price jumped to EGP 7,526 for buying and EGP 7,410 for selling.

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