Egypt gold prices defy expectations

On Thursday, July 2, 2026, gold prices in Egypt experienced a slight decline at the start of trading, despite the increase in the metal's price in the global market. Gold prices continued to rise after reaching their highest level in more than a week, amid declining oil prices and weak US employment data, which further boost its appeal as a safe haven for investors. The price for 24-carat gold per gram was around 6,543 Egyptian pounds for selling, while 21-carat gold was priced at 5,725 pounds. The price of a gold pound hovered around 45,800 pounds. Meanwhile, global gold prices increased to more than $4,000 per ounce.

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