Gold prices in Egypt recorded a new rise during Monday’s transactions, amid a state of fluctuation that controls the prices of ounces on the global stock exchange, as a result of global market turmoil and increasing concerns about commercial wars, according to a report issued by the “i -Saga” platform specializing in gold and jewelry trading online.
The price of gold today in Egypt: a height of 50 pounds per gram
Saeed Imbabi, Executive Director of the “I Saws” platform, explained that the price of gold in the local market witnessed an increase of 50 pounds compared to the closure of trading last Saturday.
The price of a gram of 21 carat – the most trading in Egypt recorded the level of 4400 pounds, despite the decline in the price of the ounce in the global value of $ 9 to $ 3029.
The following are gold prices in Egypt today
The price of a gram of 24 carat gold: 5029 pounds
The price per gram of 18 -carat gold: 3771 pounds
The price per gram of 14 -carat gold: 2934 pounds
Gold pound price: 35200 pounds
Gold moves during the past week
According to the weekly report issued by the platform, gold prices in local markets decreased during the past week by 35 pounds. Where the price of a gram of 21 -week gold began at 4385 pounds, and its climax reached 4445 pounds, before it decreased to 4350 pounds at the end of the transactions.
He pointed out that the dollar price movements more affect gold locally compared to the global price changes. The rise in the dollar by one pound, which increases the price of gold by about 85 pounds, while the height of the ounce by 10 dollars raises the price of gold locally by only 14.5 pounds.
He also pointed out that the “essay” had monitored in its daily report last Thursday the existence of an informal price of gold dependent on the price of a dollar higher than the official price, which led to the circulation of gold locally at prices that exceed the global price, before the dollar exchange rate moved on Sunday, recording 51.70 pounds.
The international stock exchange fluctuations and its impact on gold
The World Stock Exchange witnessed a state of acute fluctuation, prompting local gold markets to temporarily suspend pricing at the beginning of today’s trading, after the ounce fell below the level of $ 3000 before the rise returned to $ 3040.
Gold performance during the first quarter of 2025
Gold in the local market increased by 18%, equivalent to 680 pounds, during the first quarter of 2025. Gold prices increased globally by 19%, at a value of $ 502 an ounce, to achieve the yellow metal with the best quarterly performance in 39 years, with the support of central bank purchases and the increasing investment of indicators and demand for safe havens.
The influence of American policy and geopolitical tensions on gold
American commercial policies, especially after US President Donald Trump announced new customs duties, to destabilize global markets, which increased economic recession concerns. These events have caused collapse in global stock exchanges, which led investors to resort to gold as a way to maintain liquidity, which stopped the series of altitudes in the precious metal.
Imbabi pointed out that the factors that prompted gold to exceed the 3000 dollar barrier an ounce are still in place, stressing that the state of uncertainty, commercial wars, central banks ’policies, and geopolitical risks still contribute to supporting gold prices. The poor performance of the American stock market enhances the role of gold as a major hedge tool against fluctuations.
Trump’s comments and gold prices expectations
In a related context, US President Donald Trump on Monday called on the Federal Reserve to reduce interest rates, and wrote through the “Truth Social” platform: “The slow -moving Federal Reserve must reduce the benefit.”
Support of global central banks for gold
Despite the decline in gold prices relatively, the central banks – led by the Chinese People’s Bank – are continuing to buy gold strongly, driven by recession fears, China has increased its gold reserves for the fifth consecutive month last March, as it added 0.09 million ounces to its reserves, according to data published on Monday. China started this campaign in November 2024 after a six -month hiatus.
Future expectations for gold prices
“Deutsche Bank” raised its forecast for the price of gold at the end of 2025 to $ 3350 an ounce, based on factors that include the risk of global recession and strong demand for gold as a safe haven.
