Friday 03 April 2026 – 11:34 PM
I witnessed Gold prices In Egypt, there was a slight increase at the end of trading on Friday, April 3, 2026, coinciding with the global stock market holiday, after the ouguiya recorded weekly gains estimated at about 4%, amid sharp fluctuations in global markets as a result of the ongoing tensions in the Middle East.
Gold prices in the local market
24 karat was about 8,200 pounds, 22 karat was about 7,516 pounds, 21 karat was about 7,175 pounds, 18 karat was about 6,150 pounds, while the price of a gold pound reached 57,400 pounds.
Globally, an ounce of gold recorded about $4,677, supported by uncertainty in international markets.
In a related context, the iSagha platform announced that the Tax Authority issued Resolution No. 32 of 2026, regulating income tax on gold and jewelry stores for the years 2021 and 2022, with the aim of achieving greater tax justice within the sector.
The platform explained that the decision came as a result of coordination between the Tax Authority, the Ministry of Finance, and the General Division for Gold, to establish clear mechanisms to hold traders accountable, after a series of meetings and consultations.
Under the new instructions, the tax will be calculated based on the value of workmanship, instead of the total price of gold, which is in line with the nature of the sector as an investment commodity.
It is expected that this trend will contribute to reducing tax disputes, facilitating traders’ compliance, in addition to supporting the stability of the gold market and enhancing the confidence of investors and consumers.
