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Egypt gold price August 5 2026
Gold prices in Egypt today, Wednesday, August 5, 2026, remained steady at 5,870 Egyptian pounds per gram for 21-karat gold. The value of the US dollar against the Egyptian pound has declined to approximately 50.30 pounds, which contributed to stabilizing prices and lessening the impact of global market fluctuations. The Egyptian market continues to be sideways, with expectations of breaking the 5,900-pound level in the coming period, driven by decreased demand for the US currency and a reduction in geopolitical tensions. Prices for other gold karats are as follows: 24-karat at approximately 6,708.57 pounds, 18-karat at 5,031.43 pounds, and 14-karat at 3,913.33 pounds. The price of a gold pound was 46,960 pounds. The market experienced increased demand for gold jewelry throughout 2026, supported by stable prices and the absence of significant price jumps, which helped invigorate trading activity. Investors are also looking forward to important American economic data that will influence the global and local trends in gold in the future.
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