Tuesday 22/April/2025 – 09:08 AM
Gold prices in Egypt jumped a historic leap with the beginning of trading today, Tuesday, 22 April 2025, to exceed the price of a gram of 21 carat gold now the barrier of 5 thousand pounds for the first time at all, in conjunction with the rise of the ounces globally, amid the continuation of the economic and commercial conditions between America and China.
Gold prices now
Below, and according to the essential platform for the deployment of gold prices online, we monitor during the following lines, the details of gold prices in Egypt at the beginning of today’s transactions, and came as follows:
- 21 carat recorded price: 5000 pounds per gram, with a height of about 100 pounds compared to the conclusion of yesterday’s transactions.
- 18 caliber price: 4285 pounds per gram.
- 24 caliber price: 5714 pounds per gram.
- Gold pound: 40 thousand pounds.
- Annum: $ 3478.
Naguib, Secretary General of the Gold Division, expected the continued escalation of gold prices in the Egyptian markets until any changes occurring on the economic war in the global market, pointing out that the great impact on the local market is due to being an open market.
In addition to that, Ihab Wasef, the head of the division, pointed out that the standard heights in the local market come in parallel with a historical rise in the global gold, as the price of the ounce exceeded the level of 3400 dollars, driven by increasing fears of the repercussions of the US -led trade war, and the US dollar price declined to its lowest levels since the beginning of 2022.
US President Trump Powell criticized for not lowering interest rates, despite the significant decrease in the prices of some commodities and oil, and Trump said on Friday: The Federal Reserve should reduce interest rates for the American people, this is the only thing that is good for it.
The wide tariffs imposed by US President Donald Trump, in addition to the uncertainty surrounding his commercial policies, led to the disturbance of global markets and prevailed on the economic expectations of the world’s largest economy, which prompted investors to withdraw from American assets.
