Gold Price Today, Monday, March 16, 2026 

Global Gold Price 

Gold prices fell by more than 1% at the start of the week's trading, amid escalating inflation concerns.

This decline is attributed to rising energy prices stemming from the conflict in the Middle East.

The surge in energy prices has raised concerns about a potential cut in US interest rates and a strengthening of the dollar.

This has also pushed US Treasury yields to their highest levels in several weeks, negatively impacting non-income assets like gold.

The Federal Reserve is expected to keep interest rates unchanged this week for the second consecutive meeting, with markets awaiting remarks from Fed Chair Jerome Powell for clues about the future direction.

Brent crude oil remains above $100 a barrel, fueling inflation fears and diminishing hopes for further interest rate cuts.

The risk of continued high energy prices could limit the Federal Reserve's ability to shift towards a more accommodative monetary policy, making gold sensitive to geopolitical developments.

Gold Prices in Egypt

Gold prices in Egypt declined today, Monday, with the price of 21-karat gold, the most traded type in Egypt, currently at 7,300 Egyptian pounds.

The price of 24-karat gold is trading at 8,343 Egyptian pounds, while 18-karat gold is trading at 6,257 Egyptian pounds per gram.

On the other hand, the price of the goldsmith's dollar rose today to 52.1 Egyptian pounds, with the official dollar exchange rate in Egyptian banks reaching 52.50 Egyptian pounds. The dollar also rose in the parallel market and is currently trading at 52.83 Egyptian pounds.

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