Gold Prices in Egypt: A Comprehensive Report

Gold has been a valuable and highly sought-after precious metal for coinage, jewelry, and other arts since long before the beginning of recorded history.

In this report, we will delve into the gold prices in Egypt on 25th February 2024, focusing on the prices of 14k, 18k, 21k, 22k, and 24k gold.

Gold Prices on 25th February 2024

On 25th February 2024, the prices of gold in Egypt were as follows:

- 14k Gold: 2,050 EGP

- 18k Gold: 2,635 EGP

- 21k Gold: 3,075 EGP

- 24k Gold: 3,514 EGP

These prices are per gram and are subject to daily fluctuations in the global markets.

Factors Influencing Gold Prices

The price of gold is influenced by a variety of factors, including but not limited to:

- Supply and Demand: Like any commodity, the price of gold is influenced by supply and demand dynamics. When demand outstrips supply, prices tend to rise, and vice versa.

- Currency Fluctuations: Gold prices are often inversely correlated with the value of the U.S. dollar. When the dollar weakens, gold prices tend to rise, and vice versa.

- Inflation: Gold is often seen as a hedge against inflation. When inflation rises, investors often flock to gold, driving up its price.

- Geopolitical Uncertainty: Gold is often seen as a "safe haven" asset during times of geopolitical uncertainty, which can drive up its price.

Conclusion

The prices of gold in Egypt on 25th February 2024 varied depending on the karat of the gold.

It's important to note that these prices are subject to change as they fluctuate daily in the global markets.

Therefore, investors and consumers should keep an eye on these factors when considering buying or selling gold.