Every price you see on Egypt Gold Price is derived, not quoted by a shop. This page documents exactly how each number is built, so you can judge it on its merits and reproduce it yourself.
We aggregate published Egyptian gold-market reference rates, refreshed on a five-minute cycle: a live Egyptian gold-market reference feed as our primary source for gold, with livepriceofgold.com's Egypt pages as a secondary source for silver and FX (USD/EGP, GBP/EGP, EUR/EGP). If both are unavailable we fall back to an international spot-price API. We cache results server-side for five minutes to absorb bursts and keep the cost predictable.
International spot is quoted per troy ounce in US dollars. We convert to grams (1 troy oz = 31.1034768 g) and then multiply by the live USD/EGP rate. The 24K per-gram EGP price is the anchor for every other karat we publish.
We derive lower karats directly from 24K using their purity ratios: 22K = 24K × 0.9167, 21K = 24K × 0.8750, 18K = 24K × 0.7500, 14K = 24K × 0.5833. This is the same arithmetic used inside Egyptian gold shops and is consistent with how the Egyptian Gold & Jewellery Division publishes its daily indicative rates.
International spot is a wholesale midpoint. Egyptian retail adds a bid/ask spread — the difference between what a shop will buy your gold for and what it will sell you new gold for. Across a survey of large Cairo and Alexandria dealers we observe an average spread of roughly 3.11%. We do not bake this spread into the headline live price; we expose it transparently in our buy/sell display and in the FAQ so you can model resale value honestly.
On jewelry, Egyptian jewelers add a labor charge (مصنعية) on top of the metal value. The market average for standard 21K jewelry is around 4.45%, but it can range from EGP 50 to 250 per gram for hand-crafted or branded pieces. Bars, coins, and the Egyptian Gold Pound carry negligible labor cost. The workmanship landing page and the PnL calculator make this explicit so resale math is honest.
The local coin standard is 8 grams of 21K gold. We compute its live value as the 21K per-gram price multiplied by 8, with no additional premium. Some dealers charge a small minting premium (typically EGP 100–400 per coin); we do not model that because it varies by brand and condition.
Gold gram prices refresh about every five minutes: the browser re-polls our cache on a five-minute cycle, and the cache itself refreshes from the upstream feeds on the same cycle, so a displayed gram price can be up to roughly ten minutes behind the source. The USD/EGP rate comes from that same five-minute cycle, so the gold ounce expressed in EGP moves on it too. Silver and the other currency cross-rates (EUR, GBP, AUD, CAD) are the exception — those are recomputed from a live streaming feed and update continuously. A "Live" badge on the homepage reflects active market hours; outside market hours we display the last known price with a "Market closed" indicator.
Our prices are indicative, not transactional. The price at a specific shop on a specific day may differ because of (a) the shop's own spread, (b) the karat purity it actually delivers, (c) labor on the specific piece, and (d) short-lived gaps between our feed and the international market during high volatility. For high-value transactions, always confirm the price with the dealer in person. We are not a regulated financial service; we are a publication.
If you spot a discrepancy you can reproduce, send it through our contact form with the price, timestamp, and source. We publish corrections and version this methodology page so changes are auditable.
Loading live data…