Egypt’s imports of gold ore jumped by 499.3% during 2025, reaching $996.1 million, compared to $166.2 million in 2024, an increase of $829.9 million, according to the Foreign Trade Bulletin issued by the Central Agency for Public Mobilization and Statistics.
The bulletin indicated that the value of gold ore imports in December 2025 alone rose by 1,355%, recording about $101.9 million, compared to $7.02 million in the same month of the previous year.
This sharp rise is due to local factories importing the ore, refining it in domestic refineries, and re-exporting it either as ore or as gold products, in a step aimed at deepening local manufacturing of the yellow metal, according to Ihab Wasef, Head of the Gold Division at the Federation of Egyptian Industries.
Egypt’s gold exports also recorded a notable increase in 2025, rising by 137.5% to $7.6 billion, compared to $3.2 billion in 2024, according to a previous report by the General Authority for Export and Import Control.
On the other hand, Egyptians’ gold purchases fell by 10% during the past year, reaching 45.1 tons, with the significant rise in the global price by more than 64%, which contributed to continued demand decline, according to the World Gold Council’s report on Gold Demand Trends.
Regarding local prices, gold prices have risen by EGP 1,600 since the beginning of 2026, bringing the price of a gram of 21-carat gold to EGP 7,450 during today’s trading, compared to EGP 5,840 at the end of last December, with the ounce price rising in global markets.
18-carat gold: EGP 6,360 per gram
24-carat gold: EGP 8,480 per gram
Gold pound: EGP 59,360
Globally, gold rose by about 16% since the beginning of 2026, with trading stabilized at $5,021 per ounce, after the yellow metal surged by 65% during 2025.
Follow the latest news on Google News
