Gold Prices in Egypt Dip Slightly on August 3 Despite Global Market Gains
Gold prices in Egypt witnessed a slight decline at the start of trading on Monday, August 3, 2026, despite the yellow metal's upward trajectory on the global exchange.
Globally, gold prices rose on Monday as oil prices retreated. This shift occurred after U.S. President Donald Trump called off a new strike on Iran in hopes of reaching a swift agreement, a move that slightly eased market concerns regarding inflation and potential interest rate hikes.
Gold Prices in Egypt Today
In the domestic market, gold prices vary depending on the "making charge" (workmanship fee) applied by individual jewelers, which differs from one region to another.
According to the local pricing platform "iSagha," the average gold prices in Egypt on Monday—excluding making charges—are as follows:
24-Carat Gold (Highest Purity): The price per gram reached EGP 6,743 for selling and EGP 6,687 for buying.
21-Carat Gold: The most popular carat among Egyptian consumers recorded EGP 5,900 for selling and EGP 5,850 for buying.
18-Carat Gold: The price per gram stood at EGP 5,075 for selling and EGP 5,014 for buying.
Gold Pound: The price of the 8-gram gold coin reached EGP 47,200 for selling and EGP 46,800 for buying.