Thursday 16 April 2026 – 10:37 PM
I witnessed Gold prices The Egyptian local market declined significantly during today’s trading, continuing its losses of about 160 pounds since yesterday’s trading, in light of limited movements in global prices and changes in the volume of local demand.
Gold prices in Egypt fell by about 165 pounds during today’s trading
Market data showed that the price of a gram of 24-karat gold fell to about 8,000 pounds, while 22-karat recorded about 7,333 pounds, and 21-karat reached about 7,000 pounds, after recording in the morning of trading yesterday, Wednesday, about 7,160, while 18-karat reached about 6,000 pounds per gram.
The price of the gold pound also recorded about 56,000 thousand pounds, while the price of an ounce globally reached about 4,790 dollars, amid a state of fluctuation in international markets.
This decline is affected by several factors, most notably global ounce price movements and changes in local demand, in addition to the continued state of anticipation in the precious metals markets.
Gold pricing in Egypt has become more closely linked to global changes, especially with the continued tight monetary policy in the United States, which supports the strength of the dollar and puts pressure on gold prices, which limits the chances of price recovery in the near term.
Expectations for the coming period
Expectations indicate that gold prices in Egypt will move within a horizontal range that tends to decline in the short term, with the possibility of relative stability, in light of the continuing influence of the dollar price and US monetary policy, in addition to geopolitical developments.
Globally, pressure on prices is expected to continue, with some central banks tending to sell to provide liquidity and support their currencies, which may keep gold on a corrective path during the coming period.
