The price of gold in Egypt Today, Friday, April 11, 2025
The global price of gold
Gold prices rose strongly on Friday near the levels of 3237.50 dollars per ounce, achieving a new record high, as we expected yesterday Here that gold still has more to climb in light of geopolitical and economic uncertainty, and the precious metal tends to thrive in the low interest rate environment that the Federal Reserve intends to apply until the end of this year.
China also raised its tariffs on the United States to 125% as of tomorrow, Saturday, April 12, and announced that it would ignore any further US responses after a series of tariff increases by the White House reached 145%.
The current measures are expected to affect approximately USD 700 billion of goods exchanged between the world's largest economies annually, reducing risky assets associated with global growth and supporting safe-haven flows.
The price of gold in Egypt
Gold prices in Egypt rose strongly on Friday, as the 21st highest traded gold in Egypt is trading at levels of 4645 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5309 pounds, while 18-carat gold is trading at levels of 3981 pounds per gram.
The price of the dollar minted in Egypt also rose today to the levels of 51.30 pounds, with a slight increase in the dollar rate within the official banks in Egypt to the levels of 51.39 pounds, while the dollar price on the black market inside Egypt rose to the levels of 51.65 pounds.
