Egypt gold prices June 16 2026

Gold prices in Egypt remain steady at the high levels recorded at the end of the previous session, with the price of 24-karat gold reaching approximately 7,234 Egyptian pounds per gram. Global prices continue to rise, surpassing the $4,300 mark per ounce, driven by strong demand for safe-haven assets and a decline in investor interest in high-risk assets. The local gold price is directly tied to global market fluctuations, and it is expected to maintain its strong performance as long as the ounce remains above $4,300.

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