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The news covers the latest gold prices in Egypt on Wednesday, August 12, 2026, as the prices of the yellow metal have experienced significant increases in recent days. According to the Gold Division, the price of 24-karat gold per gram was approximately 7,177 Egyptian pounds for purchase and 7,143 pounds for sale, before adding manufacturing costs and taxes. Similarly, the price of 21-karat gold per gram was around 6,280 pounds for purchase and 6,250 pounds for sale, while 18-karat gold was about 5,383 pounds for purchase and 5,357 pounds for sale. The price of a gold sovereign (the gold pound) was approximately 50,240 pounds for purchase and 50,000 pounds for sale. Globally, the price of an ounce of gold reached $4,390. The report highlights the recent price increases and the upward trend that gold markets in Egypt have been experiencing.
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