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Gold Prices in Egypt: A look at the Market

The price of gold in Egypt continues to fluctuate, with recent data showing a decrease of approximately 20 Egyptian pounds.This dynamic market is influenced by a variety of factors, both local and global.

Current Gold Prices

As of the latest evening transactions on February 19, 2025, the following are the prices for different gold calibers:

• 24 caliber: 4743 Egyptian pounds
• 21 caliber: 4150 Egyptian pounds
• 18 caliber: 3557 Egyptian pounds
• 14 caliber: 2776 Egyptian pounds
• Gold pound: 33200 Egyptian pounds

It’s meaningful to note that these prices are subject to change throughout the day due to factors such as manufacturer fees, taxes, stamp duty, and global gold price movements.

Factors Influencing Gold Prices

Several factors contribute to the volatility of gold prices. Last year, gold prices saw a significant increase of 27%, the largest rise since 2010.This surge can be attributed to a confluence of factors, including:

• Investors seeking safe havens:

“Investors chose the metal to hedge against global risks,”

• Lowered US Federal Reserve interest rates:

Lower interest rates can make gold, wich offers no yield, a more attractive investment.

Central Bank demand

Central banks play a crucial role in the gold market. In 2024,they purchased over 1,000 tons of gold,marking the third consecutive year of increased demand. This trend is driven by a desire to diversify reserves and safeguard against economic uncertainty.The Polish Central Bank led the charge, adding 90 tons to its reserves.

Understanding the interplay of these factors is essential for anyone considering investing in gold. While the market can be volatile, it offers a unique possibility to diversify portfolios and perhaps hedge against inflation and global risks.

What factors do you think will most influence gold prices in Egypt this year?

Gold Prices in Egypt: A look at the Market with MAPK El-Said, CEO of Golden Sands Traders

Current Gold Prices in Egypt

MAPK El-Said, the renowned CEO of Golden Sands Traders, shared his insights on the current gold prices in Egypt. “As of last evening, 24 carat gold was priced at 4743 EGP per misqaal, with 21 carat at 4150 EGP, 18 carat at 3557 EGP, and 14 carat at 2776 EGP. The gold pound, meanwhile, was valued at 33200 EGP.

Note: These prices are subject to change daily due to various factors such as manufacturer fees, taxes, stamp duty, and global gold price movements.

Why the Fluctuations in Gold Prices?

investors Seek Safe Havens

El-Said attributes the recent volatility to investors seeking safe havens. “In times of economic uncertainty, investors often turn to gold as a secure asset that can protect their portfolios. Last year, we saw a significant 27% increase in gold prices due to this very reason.”

Interest Rates and Central Bank Demand

Lowered US Federal Reserve interest rates have also played a significant role. “With interest rates dropping, investors find gold, which offers no yield, to be a more attractive investment. Moreover, central banks have been increasing their gold purchases, with 2024 witnessing over 1,000 tons acquired, driven by a desire to diversify reserves and safeguard against economic uncertainty,” El-Said explained.

A Word of Advice for Gold Investors

El-Said advises potential gold investors to understand the interplay of these factors before making a decision. “While the market can be volatile, gold offers unique opportunities to diversify portfolios and hedge against inflation and global risks.However, it’s crucial to stay informed about the market dynamics and consider your risk appetite before investing.”

Looking Ahead

With a thought-provoking question, El-Said invites readers to engage in the discussion: “what factors do you think will most influence gold prices in Egypt this year? Share your thoughts in the comments below!”

Gold prices are updated frequently. For the latest prices, visit the Golden Sands Traders website.