Egypt gold pound price October 16

Today, Friday, October 16, 2026, gold prices in Egypt experienced a slight decline at the start of trading compared to yesterday. This decrease comes amid rising global prices due to a weakening dollar, but the precious metal is still on track for a modest weekly loss. The price of 24-karat gold per gram was approximately 7,132 EGP for selling and 7,074 EGP for buying. Meanwhile, 18-karat gold was around 5,349 EGP for selling and 5,306 EGP for buying. The 21-karat variant, which remains popular, recorded about 6,240 EGP for selling and 6,190 EGP for buying. The gold pound was priced at approximately 49,920 EGP for selling and 49,520 EGP for buying. Analyses indicate that global gold prices increased by 0.2%, reaching $4,177.82 per ounce, remaining within a narrow price range. This movement reflects ongoing inflation concerns and continued expectations of a rate hike by the US Federal Reserve.

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