How to sell gold in Egypt
A short, factual guide to selling gold in Egypt. It covers how the price is set, the difference between bullion and jewelry, the papers you need, and how to get the best price on the day. It is information only, not advice, and it never predicts where the price will go.
How the price is set
Gold in Egypt is priced per gram and by karat, most often 24, 21, and 18. The local price moves through the day with the global gold price and the pound, so it can change between the morning and the afternoon.
When you sell, you receive the dealer buy price for your karat, which sits a little below the sell price. Knowing today's price before you go is the simplest way to avoid a weak offer.
Bullion versus jewelry
Bullion is pure 24 karat gold. It is easy to weigh and value, and you usually receive the gold price plus a small cash back when you sell it back with its papers.
Jewelry is priced by its karat gram price, minus a workmanship deduction. That deduction is often around 60 to 120 pounds per gram, depending on the karat and the condition of the piece.
What you need to sell
- A valid national ID or passport.
- For bullion, the original certificate, the box, and the purchase invoice, so you receive the full cash back.
- For jewelry, the piece itself. A prior invoice can help but is not always required.
How to get the best price
Compare at least three licensed dealers or banks before you sell, because the buy price can differ between them on the same day. Sell where the buy price for your karat is highest.
Check the day's price first, so you can tell a fair offer from a weak one.
Common questions
How is the gold price in Egypt set today?
It is priced per gram by karat, and it tracks the global gold price and the pound through the day. When you sell you receive the dealer buy price for your karat.
Do I need papers to sell gold in Egypt?
You need a valid ID or passport. For bullion, bring the original certificate, box, and invoice to receive the full cash back. Jewelry needs the piece itself.
Do I get more for bullion or jewelry?
Bullion usually returns the gold price plus a small cash back. Jewelry returns the karat gram price minus a workmanship deduction, often around 60 to 120 pounds per gram.