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Gold prices in Egypt August 16 2026
The gold price in Egypt today, Sunday, August 16, 2026, remains stable at 21-karat gold, reaching 6,265 Egyptian pounds per gram, which is the most traded in the Egyptian market. This stability comes amidst anticipation of global gold movements after it declined last week due to profit-taking, with the international gold ounce closing around $4,387.80, unable to maintain a level above $4,400. Additionally, the US dollar exchange rate in banks remains steady at approximately 50.28 Egyptian pounds, helping to limit fluctuations in gold prices within the local market, which are primarily affected by the global ounce movement and the US dollar exchange rate.
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