Gold Price in Egypt | Most Recent Rates – 2023

24 Carat Gold Price In Egypt:
1944.651 (EGP) Per Gram

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Buying gold in Egypt is one of the cheapest options in the world. Prices of gold bullion have sky rocketed due to a shortage in the United Kingdom. One should will be needing to know the today’s gold price in Egypt.

Many tourists fly from the West hoping to buy gold and take beautiful pieces home from Egypt.

All major currencies are also offered by Egypt, including US dollars, pound sterling, euros, and yen. Gold is measured in ounces, grams, and kilograms.

*these rates are taken from some reliable sources of the industry.

Egypt’s gold has been tested and hallmarked, so there is no risk of it not being of good quality.

 To research gold prices in Egypt, you first need to determine current gold prices. You can refer to the table below for live gold price in Egypt.

Gold Price In Egypt Per Gram, Kilo, Ounce

Various gold prices are shown in the following table (ounces, tolas, grams, kilograms, etc.).  

An example of how jewellery production is actually done is illustrated in the following graphic.

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  To help you understand how this guide flows and what it covers, we outline the following topics.  

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Observe, Decide, Buy

It is crucial to monitor price changes regularly. Within two to three working days after you notice a slight price drop, you should consider purchasing the item.

Gold is sold at different prices in different jewelry shops depending on items, designs, customer service, and target audiences.

You must know the current Egyptian Gold rate if you’re looking to purchase gold jewelry online, invest in gold, or purchase gold from a store.

Count on Jewells Mark to provide you with all the information you need.

Gold Carats price in Egypt

This bird’s eye view will give you a general idea of gold carat prices.

You will find the prices per gram, per 10 grams, per Vori, per Aana, and per ounce in the table below.

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Gold Measurements

In Egypt, gold weight is also measured in grams, kilograms, and tolas.

• Pavan Gold is equivalent to 8 grams of gold. Pavan is also known as Poun.
• 1 Pavan = 8 grmas
• Approximately 11.6638038 grams of gold weigh one tola, 31.1034768 grams per ounce, and 1,000 grams per kilogram.
• 1 Tola = 11.66 grams
• 1 Ounce = 31.1034 grams
• 1 Kilograms = 1000 grams
• The weight of gold is measured in troy ounces (1 troy ounce = 31.1034768 grams), whereas its purity is measured in “carats”. The caratage of gold alloyed with other metals is the measure of purity.

The tools below allow you to convert gold weight between different units:-

Gold price in Egypt | Calculator

From here, you can calculate the quantity of gold for any number of items

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Gold Color Types

Jewelry is available in different colors in Egypt : Yellow Gold is the most widely used colour in Egypt Jewelry Stores, White Gold and Rose Gold are also commonly used, and Green Gold can also be purchased at Jewelry Showrooms across the country.

Gold Buying Tips

1. It is possible to determine the purity of gold by counting its carats. Gold that contains 24kt is 99.9% pure, and it decreases when it contains 22kt, 18kt, 14kt, etc.
2. You would be making a mistake if you invested in gold without ensuring the purity.
3. It is advisable to purchase hallmarked jewellery as another way to identify purity.
4. Purchasing gold of the right weight should be a priority before making a purchase.

Gold As Investment

The use of gold as an alternative form of savings is often seen when local currencies are weak.This, however, does not always happen.

Due to the lower opportunity cost of holding gold, gold rates increase when interest rates decrease. When money supply is large, the central bank encourages lending more money, hence lowering interest rates.

There are gold mutual funds, which offer exposure to gold without investing in physical gold.

The bank can provide you with gold through gold coins, gold bars, or gold bullions.

At gold shops, 24 karat gold bars and coins can be found. Occasionally these can even be 999.9 pure gold.

A bullion of this size may weigh from 1 gram to a kilogram.

Investors can either hold onto gold coins and bars in order to benefit from future price increases or sell them to make a profit.

Who Decides Gold Price In Egypt

Participants on the same side of the market agree to buy and sell gold at a fixed price.

This agreement controls supply and demand in order to maintain a certain price.

In the gold futures derivatives markets, several banks, an oversight committee, and a panel of internal and external chairman members establish the spot price and the fixed price based on supply and demand in the gold futures market.

The gold rate is set by associations every day. All day long, they apply to the whole country.

International markets influence the Federation, according to the Association.

Gold Carats In Egypt

Various carats and their respective Hallmark of Gold jewelry are as follows:

Originally, hallmarks for gold were used to show the purity of gold in jewelry, such as the assayers’ mark which certified purity and fineness. trademarks were added to show which goldsmith made the jewelry.

There are six types of hallmarked gold sold in Egypt jewelry stores:

• 375 hallmarked gold (9 carat gold)
• 585 hallmarked gold (14 carat gold)
• 750 hallmarked gold (18 carat gold)
• 875 hallmarked gold (21 carat gold)
• 916 hallmarked gold (22 carat gold)
• 958 hallmarked gold (23 carat gold)
• 999 hallmarked gold (24 carat gold)

24 Carat Gold

The strength of gold is why it is used to make coins, bars, and biscuits.

Gold is a great investment for situations where there is little or no depreciation in its price, due to its pure form, so it is more expensive than other forms of gold.

It is true that gold in its purest form (24 karats) is a precious metal, but it can not be hard shaped, being the soft by nature.

Making Ornaments with 24 carat gold are not recommended at all.

23 Carat gold

In foreign jewelry shops you can purchase 23K gold necklaces, rings, earrings, chains, and rings. 23K gold has many advantages, including its beauty, durability, and ability to hold its value for generations.

These jewelry pieces are a good choice if you want jewelry that exhibits high purity.

It is possible to identify gold jewelry by its hallmarks. Jewellery with a serial number of 958 or 23k should be clearly visible.

22 carat gold

This is the least pure form of gold, which is why you can make gold jewellery with it. To add impurity and strength to a mixture, multiple metals are mixed, including silver, nickel, and others.

As long as portions are divided precisely, gold is made up of 22 parts gold and 2 parts impurities. The color of this gold is slightly tainted as opposed to the bright yellow of 24 carat gold.

20 Carat Gold

In pure 20K gold alloys, 83.3% of the gold is pure gold whereas the rest is impurities. 20-carat gold and Hallmark 833 gold are equal in value.

Recent years have seen the price of 20-carat gold skyrocket.

Chains, rings, and earrings are among the most common antique jewelry items crafted from 20 carat gold.

18 Carat Gold

Based on its impurities, gold can take on many different forms. The amount of 18 carat gold particles is approximately 75%, while 25% of the gold grains are impurities.

Be sure to check back soon for more updates, we’ll be posting an article about the 18 Carat Gold rate in Egypt soon.

14 Carat Gold

A piece of 14k gold, particularly solid gold, is a great everyday piece of jewelry.

An alloy consisting of 14k gold has a percentage of gold of approximately 58%.

A stronger metal alloy is created by adding nickel, copper, and silver to 14k gold than with just gold.

Historical Prices for All Gold Carats

Making accurate gold price predictions requires the study of historical gold prices 

DATE	24k Price (EGP)	22k Price (EGP)	21k Price (EGP)	18k Price (EGP)	14k Price (EGP)
29 May 2023	1932.47	1771.32	1690.61	1448.97	1127.72
28 May 2023	1932.37	1771.22	1690.53	1448.9	1127.67
27 May 2023	1932.37	1771.22	1690.53	1448.9	1127.67
26 May 2023	1937.28	1775.73	1694.82	1452.58	1130.53
25 May 2023	1944.83	1782.65	1701.43	1458.24	1134.94
24 May 2023	1964.02	1800.24	1718.22	1472.63	1146.13
23 May 2023	1948.55	1786.06	1704.69	1461.04	1137.11
22 May 2023	1961.41	1797.84	1715.93	1470.67	1144.61
21 May 2023	1958.67	1795.34	1713.54	1468.62	1143.02
20 May 2023	1960.38	1796.9	1715.03	1469.9	1144.01
19 May 2023	1948.26	1785.79	1704.43	1460.81	1136.94
18 May 2023	1967.79	1803.69	1721.52	1475.46	1148.34
17 May 2023	1979.49	1814.41	1731.75	1484.23	1155.16
16 May 2023	2007.1	1839.72	1755.9	1504.93	1171.27
15 May 2023	2001.25	1834.36	1750.79	1500.54	1167.86
14 May 2023	1983.17	1817.79	1734.97	1486.99	1157.31
13 May 2023	1983.17	1817.79	1734.97	1486.99	1157.31
12 May 2023	1999.82	1833.05	1749.53	1499.47	1167.02
11 May 2023	2019.57	1851.15	1766.81	1514.28	1178.55
10 May 2023	2023.1	1854.39	1769.9	1516.93	1180.61
9 May 2023	2011.59	1843.84	1759.83	1508.3	1173.89
8 May 2023	2001.07	1834.2	1750.63	1500.41	1167.75
7 May 2023	1962.79	1799.11	1717.14	1471.71	1145.42
6 May 2023	1962.79	1799.11	1717.14	1471.71	1145.42
5 May 2023	2039.71	1869.61	1784.43	1529.38	1190.3
4 May 2023	2035.41	1865.67	1780.67	1526.16	1187.79
3 May 2023	2006.78	1839.43	1755.63	1504.69	1171.09
2 May 2023	1972.57	1808.07	1725.69	1479.04	1151.12
1 May 2023	1974.68	1810.01	1727.54	1480.62	1152.36

Gold Price in Other Countries

Check out gold price in other featured countries from the list below

Disclaimer:

According to the table, the gold prices reflect the international market value; however, the Egyptian market is subject to fluctuations.

The frequency of prices being updated varies among sources, but most are updated every 15 minutes.

Furthermore, you should double-check the prices at some physical stores.

JewellsMark, neither controls nor is responsible for the international gold price.