Gold Prices in Egypt See Evening Dip on June 29, 2025
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05:51 PM
Sunday, June 29, 2025
Cairo – Gold prices in Egypt experienced a decline of approximately 30 Egyptian pounds during evening transactions on Sunday, June 29, 2025. This decrease was noted in comparison to midday trading levels, according to naguib Club, former Secretary General of the Gold Division.
Egyptian Gold Prices: A Closer Look
Here’s a breakdown of the gold prices per gram in Egyptian pounds (EGP) as of the evening of June 29, 2025:
- 14 Carat Gold: 3053 EGP
- 18 Carat Gold: 3925 EGP
- 21 Carat Gold: 4580 EGP
- 24 Carat Gold: 5234 EGP
The price of a gold pound also decreased, reaching 36640 EGP. It’s significant to note that gold prices can fluctuate slightly between different merchants.
Did You know? Gold bars are available in various sizes, from 1 gram to 1 kilogram, allowing investors to choose based on their budget and investment goals [[3]].
Gold Prices for Various Weights
Here’s a summary of prices for different weights of gold in egyptian pounds:
- 10 Grams of Gold: 52340 EGP
- One Ounce (31.1 grams) of Gold: 162777 EGP
- 50 Grams of Gold: 261700 EGP
These prices reflect the value of the gold alloy and are based on the price per gram of 24-carat gold. Keep in mind that prices may vary from one merchant to another.
Global Gold Market Update
global mineral stock exchanges are closed today for an official holiday. However, the global price of gold has seen a decrease of 1.61%, settling at approximately $3274 USD per ounce (equivalent to 31.1 grams of 24-carat gold), according to the latest data from Bloomberg Agency.
Pro Tip: When buying gold, always compare prices from multiple dealers to ensure you’re getting a fair price. Look for established and certified dealers [[2]].
key Gold Prices on June 29, 2025
| Type of Gold | Price (EGP) | Notes |
|---|---|---|
| 14 Carat Gold (per gram) | 3053 | Price per gram |
| 21 Carat Gold (per gram) | 4580 | Price per gram |
| Gold pound | 36640 | May vary between merchants |
| Gold Ounce (Global) | $3274 USD | Equivalent to 31.1 grams |
Understanding Gold as an Investment
Gold has historically been considered a safe-haven asset, frequently enough retaining its value during times of economic uncertainty. Investors frequently enough turn to gold as a hedge against inflation and currency devaluation. while gold doesn’t generate income like stocks or bonds, its perceived stability makes it a popular choice for diversifying investment portfolios.
The price of gold is influenced by a variety of factors, including global economic conditions, interest rates, currency fluctuations, and geopolitical events. Demand for gold also plays a significant role, with increased demand typically leading to higher prices.
Frequently Asked Questions About Gold Prices
Is it safe to consume gold?
Pure, metallic gold is generally considered non-toxic when ingested because it is insoluble in stomach acid [[1]]. However, gold salts can be toxic if ingested in large quantities.
How can I be sure I’m buying genuine gold?
Purchase gold from reputable dealers and look for hallmarks that indicate the gold’s purity.Consider having the gold independently appraised to verify its authenticity.
What are the different carats of gold, and what do they mean?
Carat is a measure of gold purity. 24-carat gold is pure gold, while lower carats contain other metals mixed with gold. Such as, 18-carat gold is 75% gold and 25% other metals.
Do you think gold is a good investment in the current economic climate? What factors do you consider when buying gold?
Disclaimer: This article provides information about gold prices and is not financial advice. Consult with a qualified financial advisor before making any investment decisions.
Share your thoughts on today’s gold market! Leave a comment below and let us know what you think.
