Egyptian gold eased for a second session on Sunday. 21K sell 5,940 EGP, 24K 6,790 EGP, the gold pound 47,520 EGP. Here is what moved and what did not.
Egyptian gold shops ended Sunday 2 August marginally lower across every karat. Reference sell quotes:
A 10-pound move on 21K is 0.17% — statistical noise, not a trend. It is roughly a third of what a typical dealer spread costs you on a single round trip.
Sunday is a bridge session: international markets were closed through the weekend, so the local quote simply carried over Friday's ounce with a small dealer adjustment. Neither of the two real drivers — the global ounce (consolidating between $3,950 and $4,200) nor USD/EGP — did anything meaningful.
When both inputs are flat, what remains is retail flow: light summer demand, some scrap coming back into the market, and shops trimming quotes to move inventory.
Note the buy/sell gap on 21K: 5,890 vs 5,940 EGP — about 50 pounds a gram. That is your real cost of entering and exiting, and on jewelry you add labor cost (masna'iya) on top, which is never recovered on resale. This is why headline day-to-day changes matter far less than most coverage implies. Use our gold calculator to model the full cost before you walk into a shop.
The July US payrolls report is the near-term catalyst. A soft print pushes September cut odds up and lifts the ounce; a strong one reinforces the hawkish hold and keeps the local gram drifting.
A −0.17% day is not a signal. If you are saving, the calendar matters more than the tick; if you are trading, understand you need a move several times this size just to clear the spread.
Reference shop quotes on Sunday 2 August 2026 were about 5,940 EGP per gram to sell and 5,890 EGP to buy back, down 10 EGP on the session. Shop pricing adds labor cost on top of the raw metal value.
The Egyptian gold pound weighs 8 grams of 21K gold, so its raw value is simply eight times the 21K gram price (8 × 5,940 = 47,520 EGP), before any workmanship, stamping or tax.
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