Gold pound price up 1500 EGP since July
The price of the gold pound in Egypt has increased by 1,500 Egyptian pounds since the beginning of July 2026, reaching 47,000 pounds. This increase is due to the rise in the price of a 21-karat gold gram to 5,870 pounds and the 24-karat gold gram to 6,708 pounds. Gold is considered an attractive investment tool for preserving value, characterized by low manufacturing costs and its direct linkage to global market prices. It is also regarded as a safe haven during periods of economic volatility and inflation. The prices of gold bars in Egypt are influenced by factors such as the global gold ounce price, the exchange rate of the dollar, and manufacturing costs and fees.
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