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بوابة أخبار اليوم
Gold pound prices rise on August 7
The price of the gold pound in Egypt rose significantly today, Friday, August 7, 2026, influenced by the surge in global gold prices, which surpassed $100 per ounce, as well as market expectations regarding geopolitical developments and U.S. inflation. This has impacted future interest rate trajectories. The price of the gold pound reached approximately 48,560 Egyptian pounds without craftsmanship fees, an increase of about 800 pounds from the start of trading. Meanwhile, the price of the 21-karat gold used to make it was around 6,070 pounds, with roughly a 50-pound difference between selling and buying prices. The gold pound is made of 21-karat gold and weighs 8 grams. It remains one of the most popular investment options due to its low craftsmanship fee, which ranges between 50 and 75 pounds per gram, the possibility of recovering part of the craftsmanship cost upon resale, and its variety, including the local and antique British versions.
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