Egypt gold prices June 16, 2026

Gold prices in Egypt have risen significantly today. The price of the gold pound reached 50,640 Egyptian pounds, after an increase of approximately 40 pounds per gram. This rise is supported by higher global gold prices, which have surpassed $4,300 an ounce, an increase of over 2.5%. The price of 21-karat gold remains at 6,330 pounds per gram. Demand for gold as a hedge in the local market continues amid global market fluctuations. Experts expect gold prices to remain volatile, with the price of an ounce staying above $4,300.

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