Thursday 27/March/2025 – 09:20 pm
Gold prices in the Egyptian local markets witnessed a remarkable increase again after their decline over the past dealings, coinciding with the high price of an ounce on the global stock exchange, amid the increasing risks of American economic recession and political certainty.
Gold prices now
Below, we monitor the details of gold prices in Egypt with the conclusion of evening transactions today, Thursday, according to the platform of any formula for spreading gold prices online, and came as follows:
The price of 21 carat gold is now in the goldsmiths stores about 4325 pounds, compared to 4270 pounds, at the conclusion of yesterday’s transactions, with a height of 55 pounds.
The price of 24 carat gold was about 4942 pounds.
The price of 18 carat gold was about 3707 pounds.
The price of the gold pound is now about 34600 pounds.
While the price of an ounce globally reached about $ 3055.
Gold continued to rise this week, supported by increasing fears of stagnation and strong demand for safe haven, as Trump’s aggressive commercial letters renew fears on economic stability, with an increased uncertainty, as investors turn to gold.
The price of gold has increased by more than 15% since the beginning of the year, and its highest level has recently reached $ 3058 an ounce on March 20, and although the American federalism kept interest rates unchanged last week, the facilitary directions indicate the possibility of subsequent discounts this year.
And increased the interest of many citizens and investors in the field of gold, to know the expectations of the yellow metal prices during the coming period, in order to determine their future destination in terms of sale or purchase, especially with the state of fluctuations that he is witnessing during the current period.
Gold prices expectations
Engineer Saeed Imbabi, Executive Director of the AI platform for spreading gold prices via the Internet, explained that the increasing concerns about global economic growth, as well as the escalation of the Trump -led trade war, and speculation about reducing American interest rates, are all factors that pushed investors towards gold as the first safe haven in times of economic and political instability, factors that lead to high gold prices at the local and global levels.
Bank of America also raised its forecast for gold prices this year and next, based on the blurring of commercial policies in the United States, which continue to pay prices to rise.
The bank explained in a research note, issued yesterday, Wednesday, that the precious metal price is expected to reach $ 3063 an ounce in 2025 and 3350 dollars in 2026, compared to previous estimates of $ 2750 an ounce in 2025 and 2625 dollars in 2026.
