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Egypt gold prices June 7 2026
Gold prices in Egypt stabilized at the beginning of Sunday, June 7, 2026, following a week of significant global decline. This was driven by increased economic and geopolitical pressures, especially after US labor market data reinforced expectations of sustained tight monetary policy by the Federal Reserve. As a result, the price of an ounce fell to its lowest in two and a half months, around $4,311. Locally, the price of 24-karat gold was approximately 7,371 Egyptian pounds, 21-karat around 6,450 pounds, and 18-karat about 5,529 pounds, with the gold pound remaining steady at 51,600 pounds.
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