Egypt Gold Prices Stabilize After Previous Day's Rise

Gold prices in Egypt saw a period of stability on Saturday, August 8, 2026, following a notable increase in the value of 21-karat gold. The precious metal had risen by approximately 20 Egyptian pounds the previous day, according to the General Syndicate of Goldsmiths.

As of mid-day trading on Saturday, the price for 24-karat gold was recorded at around 6,960 Egyptian pounds per gram. The 21-karat gold, a popular choice, stood at approximately 6,090 pounds per gram. For this purity, an additional charge for craftsmanship, ranging from 100 to 150 pounds, is typically added to the stated price.

Lower karats also saw corresponding prices, with 18-karat gold priced at about 5,220 Egyptian pounds per gram. Additionally, the value of a gold sovereign (a unit of gold typically weighing 8 grams) was reported at 48,720 Egyptian pounds.

These prices reflect the market conditions and fluctuations that affect the gold trade within Egypt. The figures provide a snapshot of the gold market on a specific day, influenced by both local and potentially international economic factors.