Gold prices in Egypt opened lower on Friday, August 14, 2026, with 24-karat gold trading at 7,160 Egyptian pounds per gram, according to the Egyptian outlet Youm7.
The decline follows a broader downward trend seen in the local market over the previous session. On Thursday, gold prices in Egypt fell by 60 Egyptian pounds per gram at the close of trading, as reported by the financial news service Mubasher. That drop came as the US dollar strengthened against the Egyptian pound, with 21-karat gold losing 30 pounds during Thursday’s session, according to the newspaper Al-Mal.
The Friday morning figures, reported by Youm7 and also covered by Ahram Online’s gate.ahram.org.eg, show the market continuing to adjust after those losses. By evening trading on Thursday, prices were still sliding, according to the Egyptian news site Masrawy, which noted that the decline persisted into the late session.
The price moves are tied to the performance of the local currency. When the dollar rises against the pound, gold prices in Egypt typically face downward pressure, as the metal is priced in the local currency but benchmarked internationally. The recent sessions reflect that dynamic, with the pound’s strength weighing on bullion values.
For buyers and sellers in Egypt, the key question now is whether the dollar’s momentum will hold into next week. If the pound continues to firm, gold prices may stay under pressure; if the dollar retreats, the metal could rebound. Market watchers will be looking at the next trading session for signs of direction.
