Gold prices in Egypt continued to rise during today’s trading, Friday 1/16/2026, supported by the strong rise in the global gold price, which recorded a level of $4,600.73 per ounce. The price of a gram of 21 carat gold, which is the most traded in the local market, rose to record 6,175 pounds, while the price of a gold pound reached about 49,400 pounds.
According to the latest market data, gold prices in Egypt were as follows: 24 karat gold was about 7,057.25 pounds, 22 karat gold was about 6,469 pounds, 21 karat gold was about 6,175 pounds, 18 karat gold was about 5,292.75 pounds, 14 karat gold was about 4,116.75 pounds, and one gold pound was 49,400 pounds.
On the global level, gold prices declined for the second session in a row during Friday’s trading, moving away from their recent record peaks, but the yellow metal is still on its way to achieving strong weekly gains and a record conclusion to the week’s trading.
Gold prices are under pressure resulting from profit-taking operations, after the precious metal succeeded in breaching the level of $4,555 per ounce during this week, before later reaching the highest level of $4,630 per ounce, driven by the escalation of geopolitical tensions in the Middle East region.
This strong rise in gold prices came against the backdrop of growing fears of the imminent outbreak of a broad regional conflict, especially after the United States carried out immediate military operations against Iran, in light of the escalation of internal events there, which strengthened global demand for gold as a safe haven.