Egypt is witnessing a surge in digital gold investment driven largely by younger investors, according to Saied Embaby, CEO of iSagha.
Embaby said individuals under the age of 40 account for more than 80 per cent of investors in Egypt’s gold funds. The net assets of gold investment funds reached a record EGP 9.28bn by the end of March 2026, spread across nearly 289,000 investment accounts. Individual investors represent around 72 per cent of all gold fund accounts, compared with 28 per cent held by institutional investors. Precious metals funds delivered the highest returns among all investment fund categories in the Egyptian market during the first quarter of 2026, generating gains exceeding 20 per cent. Embaby noted a marked transformation in Egyptian consumer behaviour over the past five years, with gold increasingly acquired as a savings and investment instrument rather than for adornment. The 24-carat gold has become the most sought-after category, surpassing 21-carat gold which historically dominated jewellery purchases. On taxation, Embaby stressed that both precious metals remain fully exempt from VAT and that proposed amendments would not result in exceptional or unjustified increases in gold prices.