The price of gold in Egypt Today, Thursday, April 24, 2025
The global price of gold
Gold prices rebounded on Thursday as investors bought bullion after a sharp decline in the previous session, while the focus remained on trade tensions between the United States and China.
The IMF also sharply reduced its forecasts for us and global growth this year, and the tariff policy pursued by President Donald Trump was the main reason for this reduction.
Forecasts indicate that if the economic outlook deteriorates further, there is no reason why gold should not rise further.
The yellow metal will also continue to act as a hedge against geopolitical and financial risks, and will be supported by the demand of central banks and ETFs, especially in the event of interest rate cuts.
The price of gold in Egypt
Gold prices rose in Egypt on Thursday, with the 21st highest traded gold in Egypt now trading at levels of 4813 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5501 pounds, while 18-carat gold is trading at levels of 4125 pounds per gram.
Today, the price of the dollar minted in Egypt rose to the levels of 51.50 pounds, with slight declines in the dollar rate inside the official banks in Egypt at the levels of 51.00 pounds, and also the dollar rate in the black market inside Egypt fell at the levels of 51.25 pounds.
