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Gold prices in Egypt decline on Thursday, July 16, 2026, amid global market downturn

Gold prices in Egypt decline on Thursday, July 16, 2026, amid global market downturn

Gold prices in Egypt today experienced a relative stability amid a global decline in the metal's price. The price of a gram of 24-karat gold was approximately 6,703 Egyptian pounds for buying and 6,646 pounds for selling. Meanwhile, the more popular 21-karat gold was around 5,815 pounds for buying and 5,865 pounds for selling. This comes as gold prices worldwide decreased by 0.6%, reaching $4,034.42 per ounce, amid ongoing concerns about the escalating conflict in the Middle East and its impact on oil prices and interest rates.

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