Gold & Silver Price Today in Egypt
Live prices per gram in EGP
Live gold and silver prices in Egypt in EGP. Gold karats 24/22/21/18/14K and silver purities 999/925/900 — updated daily.
🥇 Gold Price — Egypt
| Karat | Per Gram (EGP) |
|---|---|
| 24K | |
| 22K | |
| 21K | |
| 18K | |
| 14K |
EGP/gram
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21K Gold — 7-Day Chart (EGP/gram)
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Silver Price Today in Egypt
Fine 999, Sterling 925 and Coin 900 silver prices in EGP per gram, ounce and kilo. Updated daily from live XAG/USD rates.
| Purity | Per Gram (EGP) |
|---|---|
Fine 999 Silver — 7-Day Chart (EGP/gram)
Gold in Egypt
Egypt has one of the oldest gold cultures in the world, dating back to the pharaohs. Today, gold remains the primary savings instrument for millions of Egyptians, especially in rural areas where bank access is limited. Prices are quoted in Egyptian Pound (EGP) and are highly sensitive to local currency movements, making gold a critical hedge against inflation and devaluation.
Local Market Context
Khan el-Khalili in Cairo is Egypt's most famous gold bazaar, but neighborhood jewelry shops (sawagh) are found in every district. Egypt also has a domestic gold mining industry in the Eastern Desert, though most retail gold is imported. Demand spikes sharply around weddings, where gold jewelry forms a central part of the bride's dowry (shabka).
Taxes & Duties in Egypt
Egypt currently applies no VAT on gold and no import duty on raw gold bullion, making retail prices close to spot-plus-margin. A 2% dealer margin accounts for the small premium over international prices shown on freshgoldprice.com. Note that EGP has devalued significantly in recent years; prices in local currency can shift rapidly with exchange rate moves.
Buying Tips for Egypt
Verify the karat stamp on every piece — Egyptian law requires hallmarking, but counterfeit pieces circulate in informal markets. Buy from registered jewelers rather than unlicensed street vendors. Negotiate making charges, which can be as low as EGP 10–20/gram for simple designs. Keep receipts as proof of purchase for any future resale.
Gold as an Investment in Egypt
Gold in Egypt functions as a primary inflation hedge, with EGP having lost significant purchasing power since 2022. Egyptians often buy small gold coins (locally called 'guineh') as liquid savings. With no VAT and no duty on raw gold, the effective spread over international spot is modest despite the high inflation environment.