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Today’s gold price update 24-karat at 7,131 pounds
The price of a gram of 24-karat gold in Egypt today, Friday, October 16, 2026, is approximately 7,131 pounds. The gold price depends on the performance of the ounce in global markets and fluctuations in the US dollar exchange rate, as well as expectations regarding US monetary policy. After the Federal Reserve raised interest rates by 25 basis points to a range of 3.75% to 4% for the first time in three years, the US economy is facing increasing inflationary pressures and impacts from energy prices and geopolitical tensions. The rise in the dollar and Treasury bond yields affects the gold market, reducing demand for it as a safe haven.
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