Gold Price in Egypt October 16
Gold prices in Egypt declined today, Friday, October 16, 2026, after the 21-karat gold price reached approximately 6,240 pounds for selling and 6,190 pounds for buying, while the price of a gold pound exceeded 49,920 pounds. This comes amid a global decrease in gold prices supported by a falling dollar, despite a 0.2% increase to $4,177.82 per ounce in the spot market. Investors continue to monitor U.S. interest rate policies and their impact on prices. Local and global factors, such as the exchange rate and demand levels, influence the movement of gold in the Egyptian market.
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