Gold price per gram today, 3 October 2026, in Egypt: 24K at 7,000 pounds

Prices in Egypt came under pressure today, 3 October 2026, following the global ounce lower. A gram of 24K was quoted at about 7,000 pounds, with 22K near 6,417 pounds, 21K — the grade most buyers across the region choose — around 6,125 pounds, and 18K close to 5,250 pounds. The 8-gram gold pound, at 21K, works out at roughly 49,000 pounds. Globally, the ounce traded near $4,141, which is the reference every local price is built from. Converting it takes two steps: divide by 31.1 to reach a gram of pure gold, then apply the local exchange rate and the purity of the karat. The local gold price in Egypt follows a simple formula: the gram price for a karat equals the global ounce price in dollars, divided by 31.1, multiplied by the local dollar rate, multiplied by the purity of that karat. Any move in the dollar or the ounce shows up locally almost immediately. Storage deserves thought. Larger holdings are better kept in a bank vault or an insured safe than left at home, where loss usually means no compensation at all. Buying in Egypt tends to rise around wedding seasons and holidays, and that local demand can push making charges up even when the global price has not moved at all. Always ask for a receipt stating the weight, karat and making charge. It is the only reference you have when reselling or exchanging, and it protects you from any later disagreement over what you bought. A softer market often draws buyers who have been waiting, though it is worth remembering that a single day's move says little about the weeks ahead. When you come to sell, the value of what you hold is usually based on the gram price alone, without the making charge. Choosing the right karat and form for your purpose — saving or wearing — matters more than timing the market. Follow every price and update first on Tibr and its free app, which brings gold, currency and crypto prices together in one place with instant alerts. ⚠️ Prices are for information only, may differ slightly from shop to shop, and are not financial advice or a recommendation to buy or sell.