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Gold prices steady after Thursday rise
The price of 24-karat gold in Egypt remained at 7,063 Egyptian pounds per gram at the start of Friday, October 16, 2026, after increasing by approximately 50 pounds during yesterday's trading session. The market is closely monitoring global conditions and gold ounce price forecasts to determine the direction of the yellow metal, as gold prices in Egypt are influenced by fluctuations in international prices and supply and demand dynamics. Additionally, 21-karat gold was priced at around 6,180 pounds, and the gold pound at 49,440 pounds, with expectations that prices may change depending on developments in both global and local markets.
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