The price of gold in Egypt Today, Thursday, March 27, 2025
The global price of gold
Gold prices rose by almost 1% during today's trading on Thursday to the levels of 3038 dollars per ounce, supported by uncertainty about tariffs and geopolitical tensions, to approach their all-time high, which was recorded last Thursday at the levels of 3,057 dollars per ounce.
Gold remains the most reliable hedging tool against Trump's tariffs, as Trump announced on Wednesday the imposition of 25% tariffs on all car imports, expanding the scope of a global trade war that economists fear will slow growth and increase inflation, and is expected to add reciprocal tariffs on US trading partners next week.
Traders are now looking forward to the growth data that will be released today and also the Personal Consumption Expenditures price index that will be released tomorrow, Friday.
The price of gold in Egypt
Gold prices rose in Egypt on Thursday,with the 21st highest traded gold in Egypt at levels of 4290 pounds.
The price of 24-carat gold in Egypt also recorded levels of 4903 pounds, while 18-carat gold is trading at levels of 3677 pounds per gram.
As the price of the goldsmith dollar in Egypt is trading today at the levels of 50.20 pounds after a slight decline today, the dollar price inside the official banks in Egypt also fell today to the levels of 50.60 pounds, with the dollar price on the black market inside Egypt holding steady to the levels of 50.88 pounds.
