Tuesday 20/May/2025 – 09:34 AM
The prices of gold and alloys in Egypt stabilized at the beginning of trading today, Tuesday, May 20, 2025, in the goldsmiths and other local markets, where they are exposed to several fluctuations in the course of transactions.
This comes in conjunction with the anticipation of investors and experts, the decision of the Monetary Policy Committee of the Central Bank of Egypt, regarding the fate of interest rates on deposit and lending for one night, which is set for it tomorrow, Thursday, May 22, 2025.
Gold prices today
According to the latest gold prices on the platform of any formula specialized in the trading of gold and jewelry via the Internet, the prices came as follows:
The price of 21 carat gold was about 4550 pounds.
The gram of 24 carat gold recorded about 5195 pounds.
The 18 -carat Gram recorded about 3895 pounds.
The gold pound recorded about 36,360 pounds, while the price of an ounce was proven at 3215 dollars.
Expert experts to gold prices during the coming period
In a related context, Naguib Club, Secretary -General of the Gold Division of the Federation of Chambers of Commerce, stated that the price of gold is heading towards the rise during the coming period, after a series of declines that I recently recorded, explaining that the return to the standard levels reached by gold in April, during which the price of an ounce exceeded 3400 dollars and the price of a gram of 21 -carat gold is 5000 pounds, which is excluded at the present time.
US President Donald Trump had spoken to Russian President Vladimir Putin on Monday and said that Russia and Ukraine will immediately show negotiations for a ceasefire.
“We are witnessing the appearance of buyers at the decreases of less than $ 3,200, however, I think we will witness a greater decline, especially if there is a further decline in geopolitical risks,” Roda added.
Gold, which is one of the safe assets during periods of geopolitical and economic uncertainty, has recorded many record levels, and rose by 23% this year so far.
The US Central Bank Reserve officials dealt with caution with the repercussions of reducing credit rating and unstable market conditions while continuing to deal with a very unstable economic environment.
