Gold Price in Egypt (EGP)

// Frequently asked

• Why do Egyptians buy gold instead of keeping savings in pounds?

  The Egyptian pound has undergone multiple significant devaluations since 2022, losing a large share of its purchasing power against the US Dollar. Because gold is priced globally in USD, it holds its real value even as the pound weakens — making gram gold and gold-pound coins the most accessible inflation hedge for Egyptian households. When the EGP falls, the EGP gold price rises proportionally, preserving the saver's wealth.
• What is the standard gold karat in Egypt?

  21-karat gold — known locally as 'ayar 21' (عيار 21) — is the dominant standard in Egyptian jewellery markets. It contains 87.5% pure gold (875 hallmark) and is the most widely traded form in Cairo and Alexandria souks. 24K bars are used for investment, while 18K is available but less common.
• What is a gold pound (genêh dhahab) and how much gold does it contain?

  The Egyptian gold pound (جنيه ذهب, genêh dhahab) is a small bullion coin weighing 8 grams of 21K gold (87.5% pure), equivalent to 7 grams of fine gold. It is the traditional unit for savings and gifting in Egypt, traded daily in souks and tracked separately from the per-gram spot price. Quarter and half gold-pound coins (2g and 4g respectively) are also available.
• How is the EGP gold price calculated from the international spot?

  The international gold spot price in USD per troy ounce is converted to EGP using the current USD/EGP exchange rate, then divided by 31.1035 to get EGP per gram. Because EGP is a floating currency, this rate changes continuously — a weaker pound directly and immediately raises the EGP gold price, which is why gold functions as a natural FX hedge for Egyptian savers.
• Is there VAT on gold purchases in Egypt?

  Egypt applies a Value Added Tax (VAT) on gold jewellery purchases. Investment-grade gold bars and coins may be treated differently depending on purity and the nature of the transaction. Souk prices are typically quoted inclusive of any applicable taxes, but it is worth confirming with the seller whether a quoted price includes VAT and making charges.
• Where are the main gold markets in Egypt?

  Cairo's Khan el-Khalili bazaar in the historic Islamic quarter is the most famous gold market, dating back to the 14th century. Alexandria has its own established gold souk in the downtown area. Both cities have large concentrations of licensed gold dealers and assay offices that verify karat purity before sale.
• Can I track the EGP/gold price for budgeting or financial planning?

  Yes. This page provides a live EGP/gram price updated every 30 seconds, along with multi-range historical charts. The goldprice.dev API also lets you pull time-series data programmatically — useful for personal finance apps, savings trackers, or journalistic analysis of the relationship between pound depreciation and gold prices.
• Can I get the live Egypt gold price via API?

  Yes. Send a GET request to https://api.goldprice.dev/v1/prices?symbol=XAU-EGP-SPOT — the free tier includes 1,000 calls/month. The MCP tool get_spot_price also works directly in Claude Desktop and Cursor. The returned price reflects the live USD spot converted at the current floating USD/EGP exchange rate.

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