Egypt Gold Prices Edge Higher in Early Trade Amid Shifting Global Cues – Sunday, August 16, 2026
Gold prices in Egypt recorded a modest increase during early trading on Sunday, August 16, 2026, navigating shifting global market movements.
Internationally, bullion prices faced mild downward pressure as recent U.S. macroeconomic indicators—including employment data, inflation figures, and retail sales—prompted investors to reassess expectations regarding the Federal Reserve’s upcoming interest rate trajectory ahead of its September meeting.
Domestic Retail Gold Prices
In the domestic Egyptian market, retail jewelry prices vary slightly across merchants and governorates depending on workmanship fees (Masnaheya). According to market pricing platform iSagha, the benchmark prices (excluding workmanship and tax) stood as follows:
21-Karat Gold: The most widely traded denomination among Egyptian consumers traded at EGP 6,255 for selling and EGP 6,200 for buying.
24-Karat Gold: The highest purity tier recorded EGP 7,148.50 for selling and EGP 7,085.75 for buying.
18-Karat Gold: Stood at EGP 5,361.50 for selling and EGP 5,314.25 for buying.
Gold Pound: The 8-gram sovereign coin reached EGP 50,040 for selling and EGP 49,600 for buying.
The following table summarizes the official domestic prices across all standard denominations:
Denomination / WeightSell Rate (EGP)Buy Rate (EGP)
24-Karat Gold (per gram)7,148.507,085.75
21-Karat Gold (per gram)6,255.006,200.00
18-Karat Gold (per gram)5,361.505,314.25
Gold Pound (8 grams / 21K)50,040.0049,600.00
> Market Note: Quoted prices reflect raw spot rates and do not include retail fabrication fees (Masnaheya), value-added tax (VAT), or merchant stamping charges.