Egypt Gold Prices 2026 Decline
Gold prices in Egypt experienced a sharp decline in June 2026, with the 21-karat gold losing about 960 Egyptian pounds, bringing the price to approximately 5,790 pounds per gram. This represents a decline of nearly 14% in less than a month. The drop is attributed to declining global prices, the weakness of the US dollar against the Egyptian pound, expectations of an increase in US interest rates, and a decrease in local demand for purchasing gold. These losses are the largest in years, breaking through important support levels, and have driven the price to its lowest point since January 2026.
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