Egypt’s Gold Boom Makes Fakes Harder to Spot

As gold prices continued to surge and fluctuate sharply in 2025 and 2026, more Egyptians turned to gold as a way to protect their savings — but that same surge has made it increasingly difficult to distinguish genuine pieces from counterfeits. Local prices have shown significant volatility, with 21-karat gold reaching over EGP 6,000 (113 USD) per gram in early 2026, according to Daily News Egypt, while historical data shows prices climbing above EGP 7,000 (132 USD) per gram during the same period. Earlier reports by Reuters show how rapidly prices have climbed in recent years alongside currency pressures. That rise reflects a broader shift. Gold in Egypt has increasingly moved beyond jewelry into the realm of financial security, particularly during periods of inflation and currency depreciation. The World Gold Council notes that demand across the Middle East is closely tied to savings behavior during economic uncertainty. Why Gold Demand Remains High Gold demand in Egypt has been closely tied to economic pressure, particularly inflation and currency fluctuations. Prices in Egypt move in line with global markets and the exchange rate, meaning local volatility can be sharp and unpredictable. At Continue reading "Egypt’s Gold Boom Makes Fakes Harder to Spot" The post Egypt’s Gold Boom Makes Fakes Harder to Spot first appeared on Egyptian Streets .

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