Gold ounce price in Egypt today
Live Egyptian ounce price in EGP alongside the London global spot price converted to EGP at the current exchange rate.
Last updated:
Ounce (31.1035 g)
Local vs global
The Egyptian retail market trades at a premium over the global spot price. We compute the difference live, per gram and per ounce, so you can see whether the premium is widening or narrowing.
Local premium: +1.47% vs global
- Local vs global (local)
- 205,470 EGP/oz
- Local vs global (global)
- 202,489 EGP/oz
Gold Stater is a gold-price tracker for the Egyptian market that publishes the live ounce price in EGP next to the London benchmark. One troy ounce equals 31.1034768 grams. We surface the local EGP-per-ounce price sourced from Egyptian dealers and the global USD-per-ounce London benchmark converted at the live USD → EGP rate. The gap between the two reveals how the Egyptian market is pricing risk, premium, and currency pressure at any given moment.
Ounce: local vs. global
Frequently asked questions
How many grams are in a troy ounce of gold?
Exactly 31.1034768 grams. This is the unit used by the London market (the global gold reference) and every major gold exchange. It is not the same as the everyday ounce (28.35g) used for groceries.Why is gold traded in ounces instead of grams?
The troy ounce has been the reference unit for precious metals since the 15th century. Every major exchange (London, New York, Shanghai) quotes gold in ounces; the price is then translated to grams locally when sold to consumers.How do I convert a USD-per-ounce price to EGP-per-gram?
Formula: EGP per gram = (USD per ounce × USD/EGP rate) ÷ 31.1035. Example: at $2,400/oz and 50 EGP/USD, the global EGP price per gram is roughly (2,400 × 50) ÷ 31.1035 ≈ 3,858 EGP. The local market price will differ because of the local premium.Why does the local ounce price differ from London?
The gap is a mix of the EGP exchange rate, the local-market premium (import + insurance + freight), and Egyptian supply-and-demand pressure. This page shows the gap as a percentage in real time.Is the ounce price updated at the same cadence as the gram price?
Yes. Both come from the same data feed at the same refresh interval (every 30 minutes). The global ounce price is sourced from goldapi.io and converted to EGP at the live USD→EGP rate.
Sources
Local EGP prices are aggregated from multiple Egyptian market sources. The global market price in USD comes from goldapi.io (the London market reference). The USD to EGP rate is refreshed at every scheduled update. Methodology is documented on the about page.