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Gold prices drop over 60 pounds in evening market
Gold prices in Egypt experienced a significant decline during evening trading on June 16, 2026. The price of a 21-karat gold gram dropped by more than 60 Egyptian pounds, reaching 6,215 pounds for purchase and 6,195 pounds for sale, down from higher prices earlier in the morning. This decline comes amid similar decreases in other gold denominations, with 24-karat gold at approximately 7,103 pounds for purchase and 7,080 pounds for sale, and 18-karat gold around 5,327 pounds for purchase and 5,310 pounds for sale. The price of a gold pound also fell to about 49,720 pounds. Additionally, the global price of an ounce of gold decreased to approximately $4,319.
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