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Gold Pound Rises to EGP 50,560 in Egypt Amid Global Market Movements

The price of the gold pound in Egypt climbed by EGP 240 over the past 24 hours to reach EGP 50,560, as the price of 21-karat gold increased by EGP 30 per gram. The latest movements come as local markets continue to track fluctuations in global gold prices.

The gold pound remains a popular choice among Egyptian investors and savers, given its role as a widely used investment and savings instrument. Its value is closely linked to the price of 21-karat gold, making it sensitive to daily changes in the local gold market.

Gold Prices in Egypt

- Gold pound: EGP 50,560

- 24-karat gold: EGP 7,223 per gram

- 21-karat gold: EGP 6,320 per gram

- 18-karat gold: EGP 5,417 per gram

Gold Pound Market

A gold pound contains approximately 8 grams of 21-karat gold. As a result, changes in the price of a single gram are directly reflected in the value of the gold pound. The final selling price may also vary depending on market conditions and workmanship .