1 Day
Source:
بوابة أخبار اليوم
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Gold prices fall as dollar influences local markets
Gold prices in the local market have decreased significantly, with the 21-karat gold per gram losing about 50 pounds during today's trading on Sunday, August 2, 2026. This decline is due to the drop in the US dollar's exchange rate against the Egyptian pound and decreased demand. The price of the 21-karat gram stood at approximately 5,880 pounds excluding workmanship costs, after fluctuating between 5,930 and 5,940 pounds at the start of the day, with a spread of about 50 pounds between the buying and selling prices. This decline coincides with the global price of an ounce falling to $4,045 after a week of decline of about $7. The market is awaiting trading to resume tomorrow. Workmanship fees are one of the most significant factors determining the price of gold, ranging from 3% to 7% of the gram's price. These fees vary depending on the karat type, manufacturing, and the trader.
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