Gold per gram price falls sharply
The price of a gram of gold experienced a sudden decline of approximately 18 pounds following previous increases during mid-Tuesday, August 4, 2026, according to the latest market updates. The price of a gram of 24-karat gold reached about 6,690 pounds, while 21-karat gold was at 5,855 pounds, and 18-karat gold fell to 5,018 pounds. Gold prices in Egypt are directly influenced by the global price of an ounce and the movements of the dollar against the pound. The demand for gold is increasing as a safe haven amid geopolitical tensions and fluctuations in global interest rates, making the market more sensitive to price volatility.
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