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🇪🇬 Gold Price Today in Egypt | E£218,877
Live gold price in Egyptian Pound (EGP) — updated every 5 minutes
Last updated: May 4, 2026, 01:01 PM ET
Per Gram (EGP)
E£7,037.04
Per Troy Oz (EGP)
E£218,877
Per Kg (EGP)
E£7,037,041
USD/Gold Spot
$4,512.92/oz
USD/EGP Rate
1 USD = 48.5 EGP
EGP per gram
E£7,037.04
Gold Market in Egypt
Egypt has a 5,000-year gold history — the ancient Egyptians considered gold the "flesh of the gods." Today, Egypt is both a modest gold producer (with mines in the Eastern Desert and Sinai) and a large consumer. The Egyptian pound's devaluation over 2022–2024 drove massive gold demand as Egyptians sought protection from currency collapse.
Why do people in Egypt buy gold?
Egyptian families traditionally hold gold jewellery as savings, particularly for women who use it as financial independence insurance. The dramatic devaluation of the Egyptian pound — from around 16 EGP/USD in 2022 to nearly 50 EGP/USD by 2024 — created enormous EGP-denominated gold price gains, reinforcing gold's role as a savings vehicle.
Frequently Asked Questions — Gold in Egypt
What is the gold price today in Egypt in pounds?
Egyptian gold prices in EGP are published daily by the Egyptian Chamber of Jewellery and tracked by major gold dealers. Prices have risen dramatically as the pound was repeatedly devalued against the USD.
How has pound devaluation affected Egyptian gold prices?
The Egyptian pound lost approximately 60–70% of its value against USD between 2022 and 2024 through multiple devaluations. This means EGP gold prices roughly tripled to quadrupled even while USD gold prices were rising at a more modest rate.
What karat is Egyptian gold jewellery?
Egypt primarily trades 18K and 21K gold jewellery. 18K is standard for finer pieces, while 21K is popular for everyday items. Hallmarking is managed by the Egyptian General Authority for Export & Import Control (GOEIC).
Are there taxes on gold in Egypt?
Egypt levies VAT of 14% on gold jewellery and some gold products. Investment gold may have different treatment. Import duties also apply to gold brought into Egypt. Check with a local dealer for current tax rates.