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Egypt Gold Prices Rise on Saturday
Gold prices in Egypt are stable at the start of Saturday, August 1,, 2026, following a decline recorded at the end of the previous day's trading due to a drop in global gold prices. The 24-karat gold rate stands at approximately 6,777 Egyptian pounds, while the 21-karat is around 5,930 pounds, the 18-karat about 5,083 pounds, and the 14-karat roughly 3,953 pounds. The gold pound is priced at 47,440 pounds. Analyses confirm that gold was affected by pressures from the decline in the global gold ounce price, despite the exchange rate of the dollar remaining stable above 51 pounds. Nevertheless, July marked the first monthly gain in four months, with expectations of further sideways movement in prices as investors await U.S. economic data and interest rate forecasts.
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