Gold Prices in Egypt Edge Higher on August 4 in Tandem with Global Market Gains
Gold prices in Egypt witnessed a slight increase at the start of trading on Tuesday, August 4, 2026, mirroring the yellow metal's upward movement on the global exchange.
Globally, gold ticked upward on Tuesday as investors weighed conflicting statements regarding potential negotiations between the United States and Iran. Market participants are also bracing for a series of U.S. employment reports to gauge the future trajectory of interest rates. In the spot market, gold rose by 0.2% to $4,059.81 per ounce by 02:57 GMT.
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 Tuesday—excluding making charges—are detailed below:
Gold CategorySelling Price (EGP)Buying Price (EGP)
24-Carat (Highest Purity)6,6806,623
21-Carat (Most Popular)5,8455,795
18-Carat5,0104,967
Gold Pound (8 grams)46,76046,360
Anticipated Global Economic Data
Investors are currently awaiting a batch of crucial U.S. labor market reports. This includes the JOLTS job openings data scheduled for release later today, the employment report on Wednesday, and the comprehensive non-farm payrolls data on Friday.
While gold is traditionally viewed as a safe-haven asset and a reliable hedge against inflation, rising interest rates typically diminish the appeal of the non-yielding precious metal by increasing the opportunity cost of holding it.