Gold prices in Egypt have surged dramatically, with 24-carat gold reaching 5400 Egyptian pounds for purchase as of the latest update on Thursday, April 17, 2025, at 5:20 PM. This increase is part of a broader trend that has seen the price of gold fluctuate significantly, impacting millions of Egyptians who invest in gold as a means of preserving their wealth.
The price of 24-carat gold has now risen to 5434 Egyptian pounds for selling and 5400 Egyptian pounds for buying, marking an increase of 17 Egyptian pounds from the previous update, where it was 5417 pounds for selling and 5383 pounds for buying. This trend reflects a growing interest in gold as a safe investment amid economic uncertainties.
Notably, the price of 22-carat gold has also seen a rise, reaching 4981 Egyptian pounds for selling and 4950 pounds for buying, up by 16 pounds from the previous values of 4966 pounds for selling and 4934 pounds for buying. Similarly, 21-carat gold prices have climbed to 4755 pounds for selling and 4725 pounds for buying, an increase of 15 pounds from the earlier rates of 4740 pounds for selling and 4710 pounds for buying.
Even lower carat gold has seen price hikes. The price of 18-carat gold is now at 4076 pounds for selling and 4050 pounds for buying, reflecting a 13-pound increase from the previous update. Meanwhile, 14-carat gold has risen to 3170 pounds for selling and 3150 pounds for buying, up by 10 pounds, and 12-carat gold has increased to 2717 pounds for selling and 2700 pounds for buying, a 9-pound rise.
The price of gold per ounce has also surged, increasing by 533 pounds to reach 169025 pounds for selling and 167959 pounds for buying. This compares to the previous rates of 168492 pounds for selling and 167426 pounds for buying.
In addition, the price of the gold pound has risen to 38040 pounds for selling and 37800 pounds for buying, marking a significant increase of 120 pounds from the prior update, which recorded 37920 pounds for selling and 37680 pounds for buying.
The latest prices for 21-carat gold in various weights are as follows:
- 1 gram: 4725 pounds for buying, 4755 pounds for selling
- 5 grams: 23625 pounds for buying, 23775 pounds for selling
- 10 grams: 47250 pounds for buying, 47550 pounds for selling
- 25 grams: 118125 pounds for buying, 118875 pounds for selling
- 50 grams: 236250 pounds for buying, 237750 pounds for selling
- 100 grams: 472500 pounds for buying, 475500 pounds for selling
- 150 grams: 708750 pounds for buying, 713250 pounds for selling
- 200 grams: 945000 pounds for buying, 951000 pounds for selling
- 250 grams: 1181250 pounds for buying, 1188750 pounds for selling
This surge in gold prices has been attributed to a variety of factors, including fluctuations in the global market. Experts have noted that the price of gold per ounce has risen significantly on the international stage, impacting local prices. For instance, the global price of gold hit 3332 dollars on Thursday, compared to 3304.79 dollars the day before.
As the gold market continues to experience these unprecedented increases, many Egyptians are monitoring prices closely, considering gold not only as a valuable asset but also as a hedge against inflation and economic instability. The ongoing fluctuations in gold prices are expected to continue, prompting many to seek timely updates on market trends.
In summary, the prices of gold in Egypt have seen substantial increases recently, with the price of 21-carat gold alone rising by 245 pounds since the previous day. As individuals and investors navigate this volatile market, the importance of staying informed about gold prices cannot be overstated.
For those looking to invest, now might be a crucial time to consider how these changes could affect their financial strategies. As always, it’s essential to keep an eye on both local and global market trends to make informed decisions.
