Sharp increase in 21 karat gold as global forces align

Businessmen Team economy 10 April 2025 11:54 AM

Sharp increase in 21 karat gold as global forces align

Gold prices in Egypt saw a notable increase at the start of morning trading today, Thursday, April 10, 2025, in the local gold market. The price of a gram of 21-karat gold — the most traded in Egyptian markets — jumped by up to 120 Egyptian pounds compared to yesterday's trading.

This rise occurs amid escalating trade tensions between China and the United States, following China's announcement of additional customs duties of up to 84% on all American goods. This new escalatory step increases market concerns about a global economic slowdown and the potential for recession.

Gold prices in Egyptian markets today (Thursday, April 10, 2025)

The following are the latest gold prices in Egyptian gold shops today, excluding the varying craftsman's fee:

24-Karat Gold (per gram): 5102 EGP

21-Karat Gold (per gram): 4470 EGP

18-Karat Gold (per gram): 3827 EGP

Gold Sovereign (8 grams of 21-Karat Gold): 35720 EGP

Tags:

Gold prices China the United States 21karat gold Gold Sovereign