Friday 17/October/2025 – 05:46 AM
I registered Gold prices In Egypt, today, Friday, October 17, there is clear stability after the successive rises witnessed in the price of the yellow metal yesterday, coinciding with the rise in the price of an ounce globally, in light of the escalation of trade tensions between the United States and China.
Gold prices today in Egypt
- 24 karat: 6611 pounds
- 22 caliber: 6060 pounds
- Caliber 21: 5785 pounds
- 18 karat: 4958 pounds
- Caliber 14: 3856 pounds
- The price of the gold pound: 46,280 pounds
- Global price per ounce: $4,296
Trade escalation between Washington and Beijing confuses the markets
These movements in gold prices come amid a tense atmosphere on the global trade scene, as US President Donald Trump announced plans to impose 100% customs duties on all Chinese imports starting next November 1, in response to Beijing’s decision to tighten controls on the export of rare earth elements.
This escalation raised fears of an all-out trade war that could weaken global growth and negatively affect markets, at a time when gold is considered a safe haven for investors in periods of uncertainty.
On the other hand, US Treasury Secretary Scott Besent said that his country is still open to dialogue, stressing that an upcoming meeting will bring together Trump and Chinese President Xi Jinping this month in South Korea. He also indicated the possibility of extending the trade truce if China eases its new restrictions.
Gold reserves at the Central Bank of Egypt reach the highest level in its history
On a local level, the gold reserves at the Central Bank of Egypt have continued to gradually rise since the beginning of 2025, reaching 4.141 million ounces at the end of September, compared to 4.079 million ounces in December 2024, an increase of 62.2 thousand ounces and a growth rate of 1.52%, which is the highest historical level recorded so far.
According to the latest official data, the gold reserve witnessed regular monthly increases during the first nine months of the year:
- In January: It rose by 0.39% to record 4.095 million ounces
- In February: by 0.44% to 4.113 million ounces
- In March: by 0.27%, reaching 4.124 million ounces
- In the second quarter of the year, the increase continued:
- In April: by 0.07%
- In May: 0.05%
- In June: by 0.07%, reaching 4.132 million ounces
During the third quarter, reserves stabilized at 4.134 million ounces in July and August, before rising again in September by 0.17%, reaching 4.141 million ounces, recording a new record.
