Egypt gold prices drop on June 7, 2026

On Sunday, June 7 2026, gold prices in Egypt slipped during evening trading. The 24‑karat price fell to 7,350 EGP per gram (sell) and 7,315 EGP (buy), while the widely‑traded 21‑karat fell to 6,430 EGP (sell) and 6,400 EGP (buy), a decline of about 10 EGP across several grades. Prices for lower karats also dipped, with 18‑karat at 5,510 EGP (sell) and 5,485 EGP (buy). The gold ounce price on the global market was quoted at $4,430. Investors and consumers cited local and international market factors, including demand‑supply dynamics and the strength of the US dollar, as influencing the price movement.