Gold price in Egypt drops to 5905 pounds

Gold prices in Egypt today, Tuesday, June 23, 2026, experienced a notable decline of over 1%, influenced by a drop in the global exchange and the recovery of the US dollar, along with expectations that the Federal Reserve will approve an interest rate hike during the year. The price of 21-karat gold, the most popular in Egypt, was approximately 5,905 Egyptian pounds for purchase and 5,955 pounds for selling. Meanwhile, the price of a gold pound was around 47,240 pounds for buying and 47,640 pounds for selling. On the global level, gold prices fell by 1.1%, reaching $4,142.61 per ounce, due to the rising dollar and the impact of US Treasury bond yields.

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