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Egypt gold prices August 6 2026
Gold prices in Egypt remained steady at 6,777.14 Egyptian pounds per gram for 24-karat gold, after previously rising by about 100 pounds in the previous session. This coincided with the global gold market closing near $4,250 per ounce. This comes after a strong upward wave in the local market, where the price of a gram increased by 5.3% in July, reaching an all-time high of 6,010 pounds before closing the month at 5,940 pounds—resulting in a profit of 300 pounds for the month and ending four consecutive months of losses. Over the past five weeks, gold has traded between 5,700 and 6,000 pounds per gram, with persistent attempts but failure to break above the 6,000-pound level. However, a price base is forming that could pave the way for a future breakout, influenced by global gold prices, movements in the dollar, and US monetary policy.
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