Egypt Gold Prices Continue Upward Trend on Tuesday, August 11 Amid Global Bullion Rally
Gold prices in the Egyptian domestic market witnessed a fresh increase at the start of trading on Tuesday, August 11, 2026. This local surge aligns seamlessly with the continuous ascent of the yellow metal on global exchanges.
Global Market Context
Globally, gold advanced for the third consecutive session on Tuesday, reaching its highest level in over two months. Market participants and investors remain on edge, closely monitoring upcoming U.S. inflation data for clear indicators regarding the Federal Reserve's future interest rate trajectory.
Local Gold Prices in Egypt
It is important to note that retail gold prices in Egypt vary from one jewelry store and region to another based on craftsmanship fees or "making charges" (Masnaheya).
The following table outlines the average benchmark prices in Egypt as of Tuesday's trading, according to the "iSagha" platform. (Note: Prices exclude making charges.)
Gold CategorySelling Price (EGP)Buying Price (EGP)
24-Carat Gold (per gram)7,1437,029
21-Carat Gold (per gram)6,2506,150
18-Carat Gold (per gram)5,3575,272
Gold Pound50,00049,200
(Note: The 21-carat gold grade remains the most popular and widely traded category among Egyptian consumers).