Gold prices drop as ounce trades below $5,000

Updated 2/16/2026 3:58:00 PM
Gold prices drop as ounce trades below $5,000

Arab Finance: Gold price retreated on Monday, with the international ounce recording $4,996.7 for purchases and $4,996 for sale, according to Dahab Masr’s data by 3:31 pm.

The 24-karat gold price stood at EGP 7,617.52 for buying and EGP 7,542.1 for selling.

Likewise, the 21-karat price fell to EGP 6,666 for buying and EGP 6,600 for selling.

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