Friday 21/Feb/2025 – 05:50 AM
Gold and jewelry prices stabilized in Egyptian goldsmiths stores today, Friday, February 21, 2025, after the central bank’s decision to install the interest rate, as it is one of the most important factors that directly affect the prices of yellow metal globally and locally.
Gold prices today
The price of 24 gram gold
The price of 24 carat gold was about 4742 pounds.
The price of a gram of 21 carat gold
The price of a gram of 21 carat has recorded about 4150 pounds.
The price of 18 carat gold
The price of 18 carat gold was about 3552 pounds.
The price of the gold pound in Egypt
The price of the gold pound recorded about 33200 pounds.
Gold price globally
The world’s ounce price recorded $ 2941.
Gold balances at the central bank
The list of the monthly financial center of the Central Bank of Egypt revealed the increase in gold balances with the bank, to record 572.739 billion pounds at the end of January 2025, compared to 540.378 billion pounds at the end of December 2024.
The data revealed that the assets reached 6,277 trillion pounds at the end of January 2025, compared to 6.420 trillion pounds at the end of December 2024.
Future expectations for gold prices
According to the World Gold Council, the current geopolitical and economic factors will lead to the continued rise in gold prices during the coming period, and a poll conducted by “Bank of America” showed that 58% of the managers of global funds consider gold the best performance in a global trade war scenario.
In light of these changes, investors closely follow the decisions of the American Federal Reserve, especially after its last meeting, in which he acknowledged to keep the interest rates fixed, stressing the need to see more progress in curbing inflation before making any new discounts, and that the continued rise in gold reflects anxiety Global on American economic policies and increasing commercial restrictions.
