The price of the gold pound in Egypt's local market saw a significant increase during the week that ended on September 19, 2026, rising by 960 EGP. This surge was primarily driven by a 120 EGP increase in the price of 21-carat gold, from which the gold pound is made. The price fluctuations were influenced by global gold prices and the dollar exchange rate.
As of the end of the week, the gold pound was priced at 51,080 EGP, not including the manufacturing cost, which is typically between 400 and 600 EGP. This represents a notable increase from its price at the beginning of the week, which stood at 50,120 EGP. The gold pound is made of 8 grams of 21-carat gold, a standard that is widely recognized in Egypt.
The price of 21-carat gold, the primary material for the gold pound, reached 6,385 EGP per gram by the end of the week, up from 6,265 EGP at the start of the week. The difference between buying and selling prices averaged around 50 EGP. This price increase reflects broader trends in the global gold market and local economic conditions.
In addition to the gold pound, other gold products are available in the Egyptian market, including half and quarter gold pounds, weighing 4 and 2 grams, respectively. These variations offer consumers and investors different options based on their preferences and investment goals. The gold pound remains a popular choice due to its relatively low manufacturing cost compared to other gold products.
The manufacturing cost of the gold pound, also known as "makiage," typically ranges between 400 and 600 EGP, depending on the producer and the company's policies. This cost is generally lower compared to other gold jewelry and products. Furthermore, a portion of the manufacturing cost can be redeemed when reselling the gold pound, under certain conditions.
The gold pound in Egypt comes in various types, primarily categorized into local and British gold pounds. The local gold pound weighs 8 grams of 21-carat gold and is stamped according to Egyptian regulations. The British gold pound, associated with historical coins from the early 20th century, also weighs 8 grams of 21-carat gold and is sought after by collectors and investors.
The increase in the gold pound's price over the week reflects a broader trend in the gold market, influenced by both local and international factors. As of September 20, 2026, the gold market continues to be a significant area of interest for investors and consumers in Egypt, driven by the metal's reputation as a stable store of value.
Key points
- The gold pound price increased by 960 EGP over the week.
- The price of 21-carat gold rose by 120 EGP per gram during the same period.
- The manufacturing cost of the gold pound ranges between 400 and 600 EGP.
