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Egypt gold prices on Sunday
Gold prices in Egypt remained steady today, Sunday, June 7, 2026, following a sharp decline worldwide last week. The ounce dropped to its lowest level in about two and a half months, reaching $4,311. This decline was driven by pressure from US labor market data and expectations of continued tight monetary policy by the Federal Reserve. Markets are also closely watching developments in the Iranian conflict and US interest rate forecasts. In Egypt, the prices of gold per carat are as follows: 24-karat at 7,371 Egyptian pounds, 21-karat at 6,450 pounds, 18-karat at 5,529 pounds, and the gold pound at 51,600 pounds.
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