The price of gold in Egypt Today, Friday, April 4, 2025
The global price of gold
Although the precious metal fell yesterday to the levels of almost 3055 dollars per ounce, it is still moving towards gains for the fifth week in a row, as the demand for safe haven increases amid escalating trade and geopolitical tensions.
China's announcement to impose 34% tariffs on all US imports, in response to President Trump's tariffs, also raised concerns about the stability of the global economy and inflationary pressures.
Inflation risks are increasing in the United States due to tariffs.
The price of gold in Egypt
Gold prices in Egypt fell on friday, as the 21st highest traded gold in Egypt is trading at levels of 4425 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5057 pounds, while 18-carat gold is trading at levels of 3793 pounds per gram.
The dollar prices in Egypt rose today, as the price of the dollar minted in Egypt rose strongly today to the levels of 50.70 pounds, with the dollar price inside the official banks in Egypt at the levels of 50.65 pounds, while the dollar price on the black market in Egypt rose slightly to the levels of 50.90 pounds.
