Gold Prices Dip in Egypt at Start of Sunday Trading
Cairo – Gold prices in egypt experienced a decrease at the opening of trading on Sunday, May 10, 2025, falling by approximately 10 Egyptian pounds compared to the previous evening’s close. This shift impacts both consumers and investors within the Egyptian market, possibly influencing purchasing decisions for jewelry and gold as an investment asset.
The price adjustments translate to specific changes across different gold karats: 14-karat gold now stands at 3476 pounds per gram,while 18-karat gold is trading at 4470 pounds per gram. 21-karat gold decreased to 5215 pounds per gram, and 24-karat gold is currently priced at 5960 pounds per gram. The gold pound, equivalent to the value of gold within the unit, has fallen to 41720 pounds, though prices may vary slightly between vendors.
for larger quantities, 10 grams of gold are being offered at 59600 pounds, and an ounce (containing 31.1 grams of 24-karat gold) is valued at approximately 185356 pounds. Fifty grams of gold are currently priced at 298,000 pounds. It’s crucial to note that alloy pricing is persistent by the 24-gram gold rate, and variations can occur between merchants.
Despite the local price decrease, global gold prices are currently trending upward. According to the latest data from Bloomberg Agency,the international price of gold has increased by 0.45% to around $3875 per ounce. However, global mineral stock exchanges are observing an official holiday today.
