Gold prices in Egypt have surged, with 24-carat gold reaching 5,400 Egyptian pounds for purchase as of Thursday, April 17, 2025, at 5:20 PM. This sharp increase is part of a broader trend in which gold prices have fluctuated significantly, affecting millions of Egyptians who view gold as a reliable means of preserving wealth amid economic uncertainty.
As of the latest update, 24-carat gold is priced at 5,434 pounds for selling and 5,400 pounds for buying, marking a rise of 17 pounds from the previous rates of 5,417 pounds for selling and 5,383 pounds for buying. This increase reflects a growing interest in gold as a safe investment during times of economic instability.
Other gold categories have also seen price hikes. The price of 22-carat gold has risen to 4,981 pounds for selling and 4,950 pounds for buying, up by 16 pounds from the prior rates of 4,966 pounds for selling and 4,934 pounds for buying. Similarly, 21-carat gold prices have climbed to 4,755 pounds for selling and 4,725 pounds for buying, an increase of 15 pounds from the earlier rates of 4,740 pounds for selling and 4,710 pounds for buying.
Even lower-carat gold has experienced price increases. The price of 18-carat gold is now 4,076 pounds for selling and 4,050 pounds for buying, reflecting a 13-pound rise. Meanwhile, 14-carat gold has risen to 3,170 pounds for selling and 3,150 pounds for buying, up by 10 pounds, and 12-carat gold has increased to 2,717 pounds for selling and 2,700 pounds for buying, marking a 9-pound rise.
The price of gold per ounce has also surged, increasing by 533 pounds to reach 169,025 pounds for selling and 167,959 pounds for buying, compared to previous rates of 168,492 pounds for selling and 167,426 pounds for buying.
Furthermore, the price of the gold pound has risen significantly to 38,040 pounds for selling and 37,800 pounds for buying, up by 120 pounds from the prior update, where it was 37,920 pounds for selling and 37,680 pounds for buying.
1 gram: 4,725 pounds for buying, 4,755 pounds for selling
5 grams: 23,625 pounds for buying, 23,775 pounds for selling
10 grams: 47,250 pounds for buying, 47,550 pounds for selling
25 grams: 118,125 pounds for buying, 118,875 pounds for selling
50 grams: 236,250 pounds for buying, 237,750 pounds for selling
100 grams: 472,500 pounds for buying, 475,500 pounds for selling
150 grams: 708,750 pounds for buying, 713,250 pounds for selling
200 grams: 945,000 pounds for buying, 951,000 pounds for selling
250 grams: 1,181,250 pounds for buying, 1,188,750 pounds for selling
Experts attribute this surge in gold prices to fluctuations in the global market, noting that the price of gold per ounce has risen significantly on the international stage. On Thursday, the global price of gold reached $3,332, up from $3,304.79 the day before.
As the gold market continues to experience unprecedented increases, many Egyptians are closely monitoring prices. Gold is not only viewed as a valuable asset but also as a hedge against inflation and economic instability. These ongoing fluctuations are expected to continue, prompting many to stay updated on market trends.
In summary, gold prices in Egypt have seen substantial increases, with 21-carat gold alone rising by 245 pounds since the previous day. As individuals and investors navigate this volatile market, staying informed about gold prices is more important than ever.
For those considering investing, this may be a crucial time to assess how these changes could affect their financial strategies. Keeping track of both local and global market trends will be essential for making informed decisions.
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