The price of the gold pound in Egypt increased by 200 pounds during Thursday's trading, October 1, 2026, in line with a limited rise in global gold prices and the local dollar exchange rate, as well as demand for safe-haven assets. As of the evening trading, the gold pound was priced at 49,080 pounds, excluding manufacturing costs, which vary depending on the producing company. This represents a rise from the opening price of 48,880 pounds.
The price of 21-carat gold, used to make the gold pound, reached 6,135 pounds per gram, excluding manufacturing costs, compared to 6,110 pounds at the start of trading. The average difference between buying and selling prices was around 50 pounds. The gold pound is made of 8 grams of 21-carat gold, a popular investment option due to its relatively low manufacturing costs and the possibility of recovering part of these costs.
The manufacturing cost of the gold pound is relatively low compared to other gold jewelry, ranging between 50 and 75 pounds per gram, with a total of 400 to 600 pounds. Additionally, a portion of the manufacturing cost, estimated at around 20 pounds, can be recovered when resold, provided the gold pound is kept in its original condition and packaging. This "cash back" system is a significant advantage for investors.
There are two main types of gold pounds available in the market: the local (or encapsulated) gold pound, which weighs 8 grams of 21-carat gold and is stamped by the Egyptian government's authority, and the old (or British) gold pound, which dates back to 1911 and includes coins such as George, Victoria, and Edward, all of 21-carat gold and 8 grams in weight.
The local gold pound is considered a better investment option due to its ease of trading and government stamp, which guarantees its authenticity. On the other hand, the old gold pound is mostly sought after by collectors. Both types of gold pounds have their own advantages and attract different types of investors.
Gold has long been a popular safe-haven asset and a traditional investment option in Egypt. The fluctuations in gold prices are often influenced by global economic conditions, currency exchange rates, and local demand. As a result, many Egyptians turn to gold as a way to protect their savings and investments from economic uncertainties.
The rise in the gold pound price on October 1 reflects the ongoing trends in the global and local gold markets. As investors seek safe-haven assets, gold prices are likely to remain a focus of attention. With its relatively low manufacturing costs and potential for recovering part of these costs, the gold pound is likely to continue to attract investors in Egypt.
Key points
- The price of the gold pound in Egypt rose to 49,080 pounds on October 1, 2026.
- The gold pound is made of 8 grams of 21-carat gold.
- The manufacturing cost of the gold pound ranges between 400 and 600 pounds.
