Silver Pound Replaces Gold as Preferred Gift in Egypt Amid Surging Prices
The Egyptian market has recently witnessed a notable shift in gifting and investment patterns, as the silver pound is rapidly gaining popularity as an attractive alternative to gold—especially in the context of social occasions and celebrations. This trend has been fueled by the record-breaking rise in gold prices, which saw the price of a gold pound surpass EGP 37,000 in local markets. As a result, a significant segment of consumers has turned away from gold in search of more affordable alternatives, opening the door for the silver pound to shine.
Skyrocketing Gold Prices Reshape Consumer Priorities
With ongoing global and local inflationary pressures, the price of a gold pound (weighing 8 grams of 21-karat gold) has reached unprecedented levels, putting it beyond the financial reach of many individuals who would traditionally offer it as a gift for engagements, graduations, or newborn celebrations.
According to several gold traders, consumers are now seeking alternatives that are both meaningful in sentiment and economical in cost, a gap that silver in general—and the silver pound in particular—has successfully filled.
Silver Makes a Comeback — Silver Pound Tops Gift Choices
Sales of silver pounds have surged significantly in the first half of 2025, buoyed by silver's affordability relative to gold, as well as appealing new designs and its strong symbolic connection to Egyptian heritage. The current price of a 925-silver pound is around EGP 650, making it widely accessible across income levels—unlike the gold pound, which has seen its price jump by over 300% in just two years.
A New Commercial Role Emerges
According to traders in Cairo and Alexandria, demand for silver pounds has expanded beyond individual buyers to include small and medium enterprises. Many now use silver pounds as commemorative gifts for employees and clients at year-end or during special occasions.
In addition, many families have started to include the silver pound as part of symbolic engagement offerings, reflecting the economic realities that have prompted a reevaluation of spending priorities.
This shift began gaining traction last year when local Facebook pages launched grassroots campaigns promoting silver over gold with slogans like 'Gold isn't proof of love,' 'Silver is a blessing,' and 'You don't need gold to get married.'
'Symbolic Value at an Affordable Price'
Some factories have already begun producing special editions of the silver pound bearing national symbols or themed designs for events such as Mother's Day and graduation ceremonies, further boosting demand.
Outlook: Sustained Demand Expected
Market analysts expect this trend to continue through the second half of the year, especially if gold prices maintain their upward trajectory. Indicators suggest that the silver pound could transition from being a 'temporary substitute' to becoming a core product in Egypt's gift market—combining symbolic value with affordability.
Amid soaring gold prices and rising living costs, the silver pound has emerged as a smart and economical alternative, carrying the same cultural and social significance, but at a cost aligned with the purchasing power of wider population segments.
How Rising Gold Prices Have Changed Gift-Giving Norms
The relentless surge in gold prices has significantly altered gifting habits among individuals and businesses in Egypt. Gold was once the default gift of choice for weddings, birthdays, graduations, and corporate tokens of appreciation. But with prices reaching record highs, many have sought cost-effective yet valuable alternatives.
The silver pound has stepped into that void, offering a middle ground between financial practicality and symbolic worth. This shift isn't limited to individuals—it now includes businesses aiming to reward employees or partners without breaking the bank.
Why the Silver Pound is a Preferred Gift and Investment
Several reasons have driven the preference for silver pounds among both consumers and businesses:
Affordability: The silver pound is an economical alternative to gold, allowing for meaningful gifting without high financial strain.
Investment Value: While silver is less expensive than gold, it remains a safe-haven asset that holds value over time—especially in periods of inflation and uncertainty. Some reports even suggest silver can outperform gold under certain conditions.
Flexibility and Variety: Silver bullion comes in a wide range of shapes and designs, making it ideal for both personal and corporate gifting. The silver pound, in particular, carries a historical and cultural resonance that enhances its appeal.
Growing Demand: The silver market in Egypt is experiencing rising demand, reflecting increasing public awareness of silver's value. A report published in April 2025 noted a 4.3% increase in silver prices in just one week, driven by growing consumption.
Ease of Trading: Silver is easily tradable in Egypt's market, further adding to its attractiveness as an investment.
The growing demand for silver pounds in Egypt is a natural response to economic conditions and rising gold prices. Silver—especially the silver pound—has proven to be a practical and valuable alternative that serves the dual purpose of gifting and investment for both individuals and businesses alike.
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