The price of the gold pound in Egypt remained stable on Thursday, October 1, 2026, at 48,960 EGP, according to the latest updates on gold prices. This rate is before adding the manufacturing cost and stamp duty, which vary from one trader to another and from one production company to another. The gold pound circulating in the Egyptian market weighs about 8 grams of 21-carat gold.
The gold pound is divided into smaller units, with the half gold pound weighing 4 grams priced at 24,480 EGP, and the quarter gold pound weighing 2 grams priced at 12,240 EGP. These prices represent the basic value of gold without adding the manufacturing cost, stamp duty, tax, or trader's margin. As a result, the final price of the gold pound may differ when purchased from jewelry shops, depending on the producing company and type of piece.
The stability of the gold pound price coincides with a relative stability in gold prices at jewelry shops. It is worth noting that gold prices change throughout the day according to market fluctuations, so prices announced later may differ from those recorded at the beginning of trading. The gold market in Egypt has seen changes in consumer behavior, with a trend towards buying gold bars instead of jewelry.
According to the latest updates on gold prices, the prices of different gold carats are as follows: 24-carat gold priced at 6,994 EGP, 21-carat gold priced at 6,120 EGP, and 18-carat gold priced at 5,254 EGP. These prices reflect the current market situation and may change throughout the day.
The gold market in Egypt is influenced by global market trends and local demand. The stability of gold prices can be attributed to the balance between supply and demand. The Egyptian market has seen a steady demand for gold, driven by its use as a safe-haven asset and a store of value.
The prices of gold in Egypt are affected by several factors, including global gold prices, exchange rates, and local market conditions. The Central Bank of Egypt's monetary policy and the government's economic measures also play a role in shaping the gold market. The gold market is expected to continue to be an important sector in the Egyptian economy.
In conclusion, the gold market in Egypt has seen stability on Thursday, October 1, 2026, with the gold pound priced at 48,960 EGP. The prices of different gold carats have also remained stable, reflecting the current market situation. The gold market is expected to continue to be influenced by global and local factors, and its performance will be closely monitored by investors and consumers.
Key points
- The gold pound in Egypt is priced at 48,960 EGP.
- The prices of 24-carat, 21-carat, and 18-carat gold are 6,994 EGP, 6,120 EGP, and 5,254 EGP, respectively.
- The gold market in Egypt is influenced by global market trends, local demand, and economic conditions.
