Gold Prices in Egypt Edge Lower on August 2 in Line with Global Markets
Gold prices in Egypt experienced a slight decline at the start of trading on Sunday, August 2, 2026, tracking the performance of the yellow metal on global exchanges.
Globally, gold prices concluded July with their largest monthly gains since February. This upward momentum was primarily supported by scaled-back expectations for U.S. interest rate hikes following the release of weaker-than-expected inflation data.
Meanwhile, gold speculators on the COMEX exchange reduced their net long positions by 3,258 contracts, bringing the total to 120,328 contracts for the current week.
Gold Prices in Egypt Today
Gold prices in Egypt vary based on craftsmanship fees (masnahiya) from one jeweler to another and across different regions. According to the "iSagha" platform, the average gold prices in Egypt today—excluding craftsmanship fees—are as follows:
24-Carat Gold: Reached approximately EGP 6,782.7 for selling and EGP 6,725.7 for buying.
21-Carat Gold: The most popular among Egyptians, stood at EGP 5,935 for selling and EGP 5,885 for buying.
18-Carat Gold: Recorded EGP 5,087.2 for selling and EGP 5,044.2 for buying.