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Gold Price Today August 7 2026
The price of gold in Egypt today, Friday, August 7, 2026, remained at 5,980 Egyptian pounds for 21-karat gold, despite the rise in global gold prices, which held onto gains near their highest level in about seven weeks. This was due to the decline in the dollar’s value against the Egyptian pound, which reduced the impact of the ounce's increase. The price of 24-karat gold reached approximately 6,834 pounds, and 18-karat gold was around 5,126 pounds. Markets continue to monitor global ounce trends and developments in the dollar's price, as gold's price is expected to remain influenced by these factors. If supportive conditions persist, gold could surpass the 6,000-pound mark for 21-karat gold.
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