Egypt · EGP · December 2021
Gold Price in Egypt — December 2021
In December 2021, the gold price in Egypt closed at approximately E£28,344 per troy ounce, equivalent to E£10,629 per tola or E£911 per gram. This represents a +0.86% change on the month (E£28,101 open → E£28,344 close).
Open
E£28,101
per troy ounce
Close
E£28,344
per troy ounce
High
E£28,464
per troy ounce
Low
E£27,702
per troy ounce
All unit prices at December 2021 close — Egypt
| Unit | Weight | Closing EGP price |
|---|---|---|
| Troy ounce | 31.1035 g | E£28,344 |
| Gram | 1.0000 g | E£911 |
| 10 grams | 10 g | E£9,113 |
| Kilogram | 1,000 g | E£911,281 |
| Tola | 11.664 g | E£10,629 |
Karat-purity breakdown at December 2021 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24K | E£910 | E£10,619 |
| 22K | E£835 | E£9,736 |
| 21KEGYPT STD | E£797 | E£9,301 |
| 18K | E£683 | E£7,972 |
| 14K | E£533 | E£6,218 |
| 10K | E£380 | E£4,432 |
Daily gold price in EGP — December 2021
December 2021 gold market: Range-bound into a hawkish year-end
Range-boundA hawkish Fed capped a down year for gold.
Gold traded sideways near $1,800 in December as the Omicron variant and a decisively hawkish Fed — accelerating its taper and projecting three 2022 rate hikes — kept the metal boxed in. Gold closed 2021 around $1,829, down roughly 3.6% on the year.
What drove gold in December 2021
- Fed accelerating taper, projecting 2022 hikes
- Omicron uncertainty
- firm dollar
- negative real yields cushioning the downside
Key events in December 2021
- Dec 15Fed doubles taper pace and projects three 2022 hikes
What happened next
The hawkish setup carried into early 2022 — until war in Ukraine upended everything.
For gold buyers in Egypt
Down about 3.6% on the year, 2021 was gold's pause that refreshed — a year of digestion after 2020's record run.
The 2021 gold market: Consolidation below 2020 highs
Gold traded mostly sideways in 2021 between $1,680 and $1,950 as the Fed signaled coming tightening. Cryptocurrency mania peaked in November. Inflation began running above target. Year close: $1,829.
Key drivers in 2021
Crypto-boom drawing capital, Fed taper announcement, inflation rising, equity rally
2021 XAU/USD high
$1,945 (Jun)
2021 XAU/USD low
$1,676 (Mar)
Era context — The modern bull market (2019 to today)
Gold's second major bull market of the 21st century. Driven by COVID stimulus, Russia sanctions, central-bank accumulation at record levels, and the structural shift toward a multi-polar reserve system. New all-time highs reached repeatedly since 2020.
The Egypt gold market
Egypt's retail gold market quotes per gram, with 21K being the dominant jewellery purity. Cairo's Khan el-Khalili and Bab al-Khalq districts host the country's main gold-trading concentrations. The Egyptian pound's sharp devaluations in recent years have driven sustained retail demand for gold as a savings vehicle.
Standard quote unit
gram
Common purity
21K
Currency
EGP (E£)
Daily gold price — December 2021, Egypt
E£28,101
$1,790.43/oz
E£27,702
$1,765.00/oz
E£27,743
$1,767.60/oz
E£28,060
$1,787.78/oz
E£27,917
$1,778.70/oz
E£27,959
$1,781.40/oz
E£27,997
$1,783.80/oz
E£27,878
$1,776.20/oz
E£27,934
$1,779.80/oz
E£28,120
$1,791.66/oz
E£28,060
$1,787.80/oz
E£27,889
$1,776.90/oz
E£27,760
$1,768.70/oz
E£28,184
$1,795.70/oz
E£28,372
$1,807.70/oz
E£28,317
$1,804.18/oz
E£28,193
$1,796.30/oz
E£28,154
$1,793.80/oz
E£28,138
$1,792.80/oz
E£28,333
$1,805.20/oz
E£28,333
$1,805.20/oz
E£28,464
$1,813.52/oz
E£28,333
$1,805.20/oz
E£28,333
$1,805.20/oz
E£28,162
$1,794.30/oz
E£28,344
$1,805.90/oz
E£28,344
$1,805.90/oz
How Egypt gold prices are calculated on this page
Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The EGP/USD exchange rate comes from exchangerate-api.com's 2021 year-end snapshot.
Conversion. Every EGP figure on this page is computed as XAU/USD price × EGP/USD rate. We use the year-end exchange rate consistently across all December 2021 prices on this page.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417).
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in Egypt, add the country-specific levies described in the “Egyptgold market” section above.
FAQ — Egypt gold price in December 2021
What was the gold price in Egypt in December 2021?
In December 2021, gold in Egypt opened at E£28,101/oz and closed at E£28,344/oz — a move of +0.86% on the month. Per tola: ≈E£10,629; per gram: ≈E£911; per 10g: ≈E£9,113.
What was the 24K gold rate per tola in Egypt in December 2021?
The 24K gold rate per tola in Egypt at the December 2021 close was approximately E£10,629, derived from international XAU/USD spot of $1,805.90/oz times the 2021-end EGP/USD exchange rate of 15.6952. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 21K gold rate per gram in Egypt in December 2021?
Egypt's most-quoted retail standard is 21K per gram. At the December 2021 close, that worked out to approximately E£797 (21K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
EGP prices on this page are computed from the verified international XAU/USD spot price for December 2021 (sourced from gold-api.com), multiplied by the 2021-end EGP/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.
Why does the retail price in shops differ from this number?
The E£ figures here represent the international gold spot price converted to EGP at the 2021-end exchange rate. Egypt's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.
Want today's rate in Egypt? See live gold prices in Egypt with minute-by-minute updates and per-karat breakdowns.
Different month or year? Use the prev / next buttons above, or jump to the full 2021 archive or the USD-only December 2021 page with the country-by-country list at the bottom.
Other markets? Compare December 2021 prices across other major gold-trading countries: Saudi Arabia, United Arab Emirates, Jordan, Libya, Turkey, Nigeria.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to EGP at the 2021-end exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in Egypt before transacting.