Egypt gold prices on August 16

Gold prices in Egypt on Sunday, August 16, 2026, saw a relative increase at the start of trading, influenced by a decline in global gold prices following drops in the U.S. market due to employment, inflation, and retail sales data, which impacted expectations of a Federal Reserve interest rate hike in September. The price of 24-karat gold per gram was approximately 7,148.5 Egyptian pounds for selling and 7,085.75 pounds for buying. Similarly, 18-karat gold was around 5,361.5 pounds for selling and 5,314.25 pounds for buying. The 21-karat gold, which is most preferred by Egyptians, reached 6,255 pounds for selling and 6,200 pounds for buying. The gold pound was priced at 50,040 pounds for selling and 49,600 pounds for buying. Analysis indicates that gold prices are directly affected by international changes and monetary policies, with noticeable differences between local and global prices due to international economic variables.

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