Gold prices in Egypt have experienced a slight decline on Monday, October 12, 2026. According to the latest update from the Egyptian Gold and Jewelry Division, the price of 21-carat gold has decreased by around 15 pounds since the start of trading. This change reflects a shift in the local demand for gold. The updated prices are based on the latest market data from the Egyptian gold market.
The current prices of gold in Egypt are as follows: 24-carat gold is selling for 7051 pounds, while 21-carat gold is priced at 6170 pounds. Additionally, 18-carat gold is available for 5288 pounds. These prices are exclusive of manufacturing costs and taxes, which may vary slightly between different regions and provinces. The Egyptian Gold and Jewelry Division provides these updates to reflect the current market situation.
In addition to the prices of different gold carats, the price of a gold pound is also available. It is currently selling for 49369 pounds. On the global front, the price of an ounce of gold is around 4170 dollars. These prices are subject to fluctuations based on market dynamics. The division provides regular updates to help consumers make informed decisions.
The Egyptian Gold and Jewelry Division has highlighted that the prices quoted are for raw gold and do not include manufacturing costs and taxes. These additional costs typically range between 50 and 200 pounds per gram, depending on the design and the shop. Consumers are advised to compare prices across different shops and clarify the manufacturing and tax costs before making a purchase.
To assist consumers, the division has also provided prices for gold bars of various weights. The prices for these bars, exclusive of manufacturing costs, are as follows: 1 gram bar for 7051 pounds, 2.5 grams bar for 17627 pounds, 5 grams bar for 35255 pounds, 10 grams bar for 70510 pounds, 20 grams bar for 141020 pounds, and 50 grams bar for 352550 pounds.
Consumers are advised to exercise caution and compare prices before making a purchase. The division encourages buyers to inquire about the manufacturing and tax costs to ensure they are getting a fair deal. Additionally, gold bars tend to have lower manufacturing costs compared to gold jewelry.
The recent update on gold prices reflects a changing market scenario. With global and local factors influencing prices, consumers are advised to stay informed. The Egyptian Gold and Jewelry Division continues to provide timely updates to help consumers navigate the market effectively. Gold remains a popular investment option, and understanding its pricing dynamics is crucial for making informed decisions.
Key points
- Egypt's gold prices drop slightly on Monday, October 12, 2026.
- The current prices of gold in Egypt are: 24-carat for 7051 pounds, 21-carat for 6170 pounds, and 18-carat for 5288 pounds.
- The price of a gold pound is 49369 pounds, and an ounce of gold globally is around 4170 dollars.
