Egypt Gold Prices August 3 2026

Gold prices in Egypt experienced a slight decline today, Monday, August 3, 2026, at the start of trading. This came despite an increase in gold prices globally, driven by a decline in oil prices and the United States' decision to cancel an attack on Iran, which alleviated inflation fears and led to an increase in interest rates. The price of a gram of 24-karat gold was approximately 6,743 Egyptian pounds for sale and 6,687 pounds for purchase. Meanwhile, 18-karat gold was around 5,075 pounds for sale and 5,014 pounds for purchase. The most popular gold alloy in Egypt, 21-karat, was priced at 5,900 pounds for sale and 5,850 pounds for purchase. The price of a gold kilogram (the Gold pound) stood at 47,200 pounds for sale and 46,800 pounds for purchase. Globally, the price of an ounce rose to approximately $4,067 in spot trading and $4,065 in futures contracts, amid expectations of rising inflation due to tensions between the United States and Iran. This situation could prompt central banks to raise interest rates and reduce gold’s appeal as a hedge.

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