The price of gold in Egypt Today, Thursday, May 1, 2025
The global price of gold
Gold prices fell on Thursday to below 3250 dollars down to the levels of 3220 dollars per ounce, recording the third consecutive session of losses, as the decline in trade tensions, especially between the United States and China, led to a decline in demand for safe haven.
In addition, reports indicated that the Trump administration is about to announce the first batch of deals that will reduce the planned tariffs on some countries.
However, gold remains in a strong position, as the precious metal ended last month with more than 5% gains, recording its fourth monthly gain in a row, supported by safe haven flows amid concerns about global trade turmoil and growing signs of economic strains in the United States.
The price of gold in Egypt
Gold prices in Egypt fell strongly on Thursday, as the 21st highest traded gold in Egypt is now trading at levels of 4675 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5343 pounds, while 18-carat gold is trading at levels of 4007 pounds per gram.
On the other hand, the price of the dollar minted in Egypt rose today to the levels of 51.40 pounds, while the dollar price in official banks inside Egypt fell to the levels of 50.86 pounds, and the dollar price in the black market also fell from the levels of 51.12 pounds.
