Gold price calculator Egypt
Karats and the gold pound in numbers
- 21K is 87.5% gold, 18K 75% and 24K about 99.9%. Egyptian price lists derive 21K and 18K from 24K by these ratios, so if you know the 21K price: 24K = 21K ÷ 0.875 and 18K = 21K × 0.857.
- A gold pound weighs 8 g of 21K; its list price = 8 × the 21K gram price before workmanship. A half pound is 4 g and a quarter 2 g.
- Example at a hypothetical EGP 6,000 a gram of 21K: 10 g = EGP 60,000 of gold; with EGP 150 a gram workmanship you pay 61,500. Selling at the same price later returns only the 60,000 (or less, by the buying-price gap).
How it is calculated
Gold value = weight × the gram price for the karat, and what you pay = gold value + weight × workmanship. The 14% VAT is charged on workmanship only, not on the gold itself.
When you sell, the shop pays weight × its buying price on the day, and the workmanship you paid is lost. That is why worked jewellery loses more on a quick sale than bars and gold pounds, which carry lower workmanship. If you buy gold as savings, compare workmanship first, and see the zakat calculator for savings gold.
This calculator does not show today's gold price: you type it from a price list you trust. The hallmark fee is usually included in the workmanship the shop quotes; ask, and get everything written on the invoice.
FAQ
How is the 18K gram price worked out from 21K?
Multiply the 21K price by 18 ÷ 21 (× 0.857). If 21K is EGP 6,000, 18K is about EGP 5,143 a gram before workmanship.
How many grams is a gold pound?
8 grams of 21K. Its list price is 8 × the 21K gram price, plus a small workmanship charge from the shop.
Do I get the workmanship back when I sell?
No. You get weight × the buying price on the day; the workmanship and the VAT on it are gone.
Is there tax on gold in Egypt?
VAT of 14% on workmanship only, not on the value of the raw gold.
More calculators in English: Net salary calculator • Car loan calculator • Mortgage calculator • Zakat calculator. This calculator in Arabic.
Sources
- Al-Dostor: gold prices (24K, 21K and 18K by purity), 16 October 2026 (Arabic)
- Banker: gold and gold pound prices (8 g of 21K) and indicative workmanship, 19 September 2026 (Arabic)
- Al-Mal: Customs circular 33 of 2026, workmanship and 14% VAT, 2 June 2026 (Arabic)
- Banker: VAT on workmanship only, raw gold excluded, 4 June 2026 (Arabic)
- Al-Dostor: selling used gold, workmanship is not refunded, 10 January 2026 (Arabic)