The Egyptian gold market experienced a calm day on Wednesday, October 7, 2026, with prices remaining relatively stable. According to the latest update from the Egyptian General Federation of Gold and Jewellery Trades, the price of gold saw a minor increase the previous day. Specifically, the price of 21-carat gold rose by 15 pounds per gram. This update reflects the continuous monitoring of gold prices in the local market.
As of the latest update, the prices of gold in Egypt (excluding craftsmanship and stamp duty) are as follows: 24-carat gold is priced at 7,045 pounds per gram. Meanwhile, 21-carat gold, which is the most popular among Egyptians, is priced at 6,165 pounds per gram, marking a 15-pound increase. Additionally, 18-carat gold is available at 5,284 pounds per gram. These prices are based on the latest data from the General Federation of Gold and Jewellery Trades.
In addition to the prices of different gold carats, the price of a gold pound in Egypt is 49,320 pounds. On the global front, the price of an ounce of gold is 4,139 dollars. These prices provide an overview of the current gold market situation, both locally and internationally. The General Federation of Gold and Jewellery Trades continuously monitors and updates these prices to reflect market changes.
The General Federation of Gold and Jewellery Trades emphasized that the announced prices are for raw gold (screen prices) and do not include craftsmanship and stamp duty. These additional costs vary depending on the governorate and region. Typically, the craftsmanship cost in Egypt ranges between 50 and 200 pounds per gram, depending on the design and the shop. It is worth noting that gold bars have significantly lower craftsmanship costs compared to gold jewelry.
Consumers are advised to compare prices among different gold shops before making a purchase and to clearly inquire about the craftsmanship and stamp duty imposed on the piece. This practice helps in making informed decisions and avoiding potential discrepancies. The federation's updates aim to provide transparency and facilitate smooth transactions in the gold market.
The prices of gold bars in Egypt, excluding craftsmanship, are as follows: a 1-gram bar costs 7,045 pounds, a 2.5-gram bar is priced at 17,612 pounds, and a 5-gram bar costs 35,225 pounds. Furthermore, a 10-gram bar is available at 70,450 pounds, a 20-gram bar at 140,900 pounds, and a 50-gram bar at 352,250 pounds. These prices offer a range of options for investors and consumers.
The stability in gold prices comes amid a changing structure in the demand for gold locally. Recent trends indicate fluctuations in consumer preferences and market dynamics. As the gold market continues to evolve, stakeholders remain attentive to any developments that might influence prices and demand. The General Federation of Gold and Jewellery Trades continues to play a crucial role in monitoring and reporting these changes.
Key points
- The price of 21-carat gold in Egypt is 6,165 pounds per gram.
- The global price of an ounce of gold is 4,139 dollars.
- The prices of gold in Egypt do not include craftsmanship and stamp duty, which vary by region.
