The price of gold in Egypt Today, Tuesday, April 22, 2025
The global price of gold
Gold is rising to a new record high at the levels of 3500 dollars per ounce as concerns grow about the independence of the US Federal Reserve and the global economic outlook.
The precious metal has risen by almost 30% since the beginning of the year so far, supported by safe haven demand in the wake of the escalation of the US trade war over tariffs, and threats by the Trump administration to fire Federal Reserve Chairman Jerome Powell.
Gold is perhaps the only safe haven left due to its relative immunity from the vagaries of Trump's social media accounts.
The price of gold in Egypt
Gold prices in Egypt rose strongly on Tuesday, approaching the levels of 5000 pounds, and the 21st highest traded gold in Egypt is now trading at the levels of 4940 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5646 pounds, while 18-carat gold is trading at levels of 4234 pounds per gram.
The price of the goldsmith's dollar in Egypt fell today to the levels of 50.80 pounds, with the dollar price inside the official banks in Egypt at the levels of 51.17 pounds, and also the dollar price on the black market inside Egypt at the levels of 51.43 pounds.
