The Gold and Precious Metals Division announced the stability of gold prices in Egypt on Monday morning, August 18, 2025, coinciding with the resumption of global trading of the precious metal where the ounce is trading at $3,329.

Price per gram of 24-carat gold: 5,189 Egyptian pounds
Price per gram of 21-carat gold: 4,540 Egyptian pounds
Price per gram of 18-carat gold: 3,891 Egyptian pounds

Ehab Wasif, head of the Gold and Precious Metals Division at the Federation of Industries, stated that the division seeks to expand the granting of international accreditations to sector companies within Egypt, primarily the Responsible Jewellery Council (RJC) certification.

He explained that Egypt currently has only one company holding this certificate, noting that the division is working to raise awareness about the importance of the RJC and Chain of Custody certificates, as they play a role in enhancing the competitiveness of Egyptian gold and jewelry in global markets.

Wasif confirmed that obtaining these certificates reflects companies’ commitment to ethical supply standards, anti-money laundering, and the application of sound environmental practices in mining, manufacturing, and refining activities, in addition to ensuring the traceability of gold from its source to the final consumer.

The head of the gold division pointed out that the upcoming phase will witness a pivotal role for the division in supporting more Egyptian companies to pass international audit requirements and obtain these accreditations, which enhances the confidence of partners and buyers worldwide in Egyptian gold.