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Gold prices in the Egyptian market experienced a notable increase during August 2026, with prices for different gold karats rising compared to their levels in July 2026. On July 10th, the price of 24-karat gold was around 6,680 pounds per gram, which rose to 7,000 pounds on August 10th, an increase of 320 pounds. The 21-karat gold also saw an increase from 5,845 to 6,125 pounds, up by 280 pounds, while 18-karat gold went from 5,010 to 5,250 pounds, an increase of 240 pounds. As for the gold pound, its price increased from 46,760 to 49,000 pounds, a rise of approximately 2,240 pounds, representing a 4.8% increase. The upward trend is attributed to movements in the global markets and changes in local supply and demand dynamics.
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