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Egypt Gold Prices Fall Saturday
The price of gold in Egypt decreased today during Saturday, August 1, 2026, with all denominations falling by approximately 15 pounds on average. This decline was due to trading halts in the global stock exchange caused by the weekend holiday, which primarily determined the price movements in the Egyptian market. The price of 24-karat gold dropped to 6,783 EGP for selling and 6,726 EGP for buying. Meanwhile, the highly traded 21-karat gold reached 5,935 EGP for selling and 5,885 EGP for buying. The 18-karat gold was priced at 5,087 EGP for selling and 5,044 EGP for buying. Additionally, the price of the gold pound fell to 47,480 EGP for selling and 47,080 EGP for buying. Gold prices continue to remain linked globally to the movement of the ounce and shifts in supply and demand within the Egyptian market. Despite this price decline, citizens and investors remain keen on purchasing gold, especially given the ongoing changes in the global market and domestic conditions.
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