Gold prices in Egypt fall on June 5
The price of 21-karat gold in Egypt declined today, Friday, June 5, 2026, influenced by a 0.3% drop in the global ounce, which registered at $4,462.22. The gram price also fell to approximately 6,655 Egyptian pounds. Increasing pressures from varying factors—such as the decline in the US dollar exchange rate and policies to raise manufacturing fees—are contributing to this downward movement. The market is watching for gold prices to fluctuate within a volatile range amid ongoing declines in the global market, with expectations of further decrease or correction depending on the performance of the ounce and dollar exchange rates.
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