Gold Prices in Egypt Edge Lower on August 5 Despite Global Market Gains
Gold prices in Egypt witnessed a slight decline at the start of trading on Wednesday, August 5, 2026, diverging from the yellow metal's upward movement on the global exchanges.
Globally, gold edged slightly higher on Wednesday amid a weaker U.S. dollar. Market participants are closely monitoring the upcoming U.S. employment data, searching for indicators regarding the Federal Reserve's next steps concerning monetary policy.
Gold Prices in Egypt Today
In the domestic market, gold prices vary based on the "making charge" (workmanship fee) applied by individual jewelers, which differs from one shop and region to another.
According to the local pricing platform "iSagha," the average gold prices in Egypt on Wednesday—excluding making charges—are detailed below:
Gold CategorySelling Price (EGP)Buying Price (EGP)
24-Carat (Highest Purity)6,7096,652
21-Carat (Most Popular)5,8705,820
18-Carat5,0324,989
Gold Pound (8 grams)46,96046,560
(Note: Prices reflect the latest market updates at the time of reporting and do not include additional jeweler fees).