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Gold prices in Egypt remained stable after the trading day on Tuesday, August 4, 2026, following an increase during the session supported by improved local demand and a decline in the US dollar's exchange rate against the Egyptian pound. The price of 21-karat gold, the most traded alloy, reached 5,870 Egyptian pounds per gram, up from 5,845 pounds the previous day. The market still trades below the resistance level at 5,900 pounds. A decline in demand for dollars to around 50.30 pounds in banks has reduced the upward pressure on gold prices domestically, while international gold continues to move within a range, contributing to increased volatility in the Egyptian market. There has been growing demand for gold jewelry during the summer holiday season, driven by the return of Egyptians working abroad. Gold sales have increased due to stable prices and reduced international tensions, which has helped invigorate buying and selling activity in the Egyptian gold market.
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