Egyptian dollar falls, gold prices rise and stock market posts 18 billion profit

Egyptian pound US dollar gold price EGX30 market profit

The US dollar weakened against the Egyptian pound on August 5, 2026, with rates in most banks sliding to between 49.50 and 50.44 EGP per dollar, after an IMF mission announced a $1.8 billion disbursement.

Gold prices in Egypt edged higher: 21‑carat gold rose 25 EGP to about 5,870 EGP per gram, 24‑carat to 6,708 EGP, and the gold ounce traded around $4,050‑$4,080 globally. The modest rise was supported by a stable exchange market and widening local‑global price gaps, while global factors such as lower oil prices and a softer dollar also lifted spot gold.

The Egyptian stock market closed stronger, with the EGX30 index up 0.29 % to 54,659 points and total market capitalisation reaching roughly 4.092 trillion EGP. The exchange recorded a net profit of about 18 billion EGP for the day.

Entities

Binance Coin (BNB) · Egypt · Egyptian Exchange (EGX) · Egyptian banks · Egyptian banks · Egyptian pound · Egyptian pound · Egyptian pound · Federal Reserve · Gold · Gold · Gold

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] The price of 24‑carat gold in Egypt was about 6,708 EGP per gram. www.elaosboa.com · www.sabaharabi.com
[● 2 SOURCES] The US dollar traded between 49.70 and 50.44 Egyptian pounds per dollar in bank transactions on 5 August 2026. www.bnokonline.com
[○ 1 SOURCE] US employment data and Federal Reserve policy expectations were influencing market sentiment on gold.
[○ 1 SOURCE] ABK (Kuwaiti‑owned) offered the highest buying rate for dollars at 50.25 Egyptian pounds. www.bnokonline.com
[● 2 SOURCES] The price of 21‑carat gold in Egypt rose by about 25 Egyptian pounds to approximately 5,870 EGP per gram on 4‑5 August 2026. www.elaosboa.com · www.sabaharabi.com
[● 2 SOURCES] The global spot price of gold was around $4,080 per ounce, reaching a monthly high of $4,175 per ounce. almanar.com.lb
[○ 1 SOURCE] The US dollar's decline was accompanied by varied movements in other Arab currencies against the Egyptian pound.
[● 2 SOURCES] The decline in the US dollar and oil prices contributed to the rise in gold prices. almanar.com.lb