Gold prices in Egypt rose on Thursday, with the 24-karat recoding EGP 4,880 per gram for buying and EGP 4,908.5 for selling.

Gold prices recorded a surge on Wednesday, as geopolitical tensions in the Middle East

Gold prices in Egypt registered a collective drop on Thursday

Gold prices in Egypt dropped on Wednesday, with the 24-karat price dropping to EGP 4,680 per gram for buying and EGP 4,708.5 for selling.

Gold prices edged higher on Monday, February 24th, approaching record levels as a weaker US dollar lent support, while investors awaited key inflation data later this week.

Gold prices in Egypt decreased on Wednesday, with the 24-karat price falling to EGP 4,714.25 per gram for purchasing

Gold prices rose on Monday, February 17th, as the dollar weakened following a decline in US retail sales in January.

Gold prices surged to an all-time high on Tuesday as investors sought safe-haven assets after US President Donald Trump imposed new tariffs on steel and aluminum imports.

Gold prices surged to a record high after US President Donald Trump announced plans to impose tariffs on steel and aluminum imports, fueling uncertainty in global financial markets.

Demand for gold bars and coins in Egypt dropped by 21% year on year (YoY) in 2024 to 24 tons, compared to 30.3 tons in 2023.

Egypt witnessed a collective rise in gold prices on Tuesday, with the 24-karat recording a 5.75% growth at EGP 4,502.75 per gram for buying and EGP 4,531.5 for selling, iSagha reported.

Global gold prices hiked to their highest intraday level since October 2024, as the US President Donald Trump’s tariff threats stimulated demand for safe-haven assets.

Shalateen Mining Company plans to transform its business into gold and precious metals production

Gold Era Egypt, a producer of gold bars and coins, is set to begin operations at its new EGP 1 billion gold manufacturing facility in the first quarter (Q1) of 2025.

Egypt is setting its sights on becoming one of the world’s top gold exporters by 2025, a goal reflecting its ambition to enhance its economy and diversify revenue sources. With substantial gold reserves and a rich mining history, Egypt is strategically positioning itself to capitalize on the growing global demand for gold. To achieve its target, the Egyptian government is implementing a series of initiatives to boost gold production and refine its export strategies.

Shalateen Mineral Resources is planning to increase its gold deliveries to the Central Bank of Egypt (CBE) by about 25% year on year (YoY) in 2025.

Egypt is seeking to become among the world’s top 20 gold exporters by 2025, Ehab Wasif, head of the gold and jewelry industry division at the Federation of Egyptian Industries (FEI) said.

The Minister of Supply and Internal Trade Sherif Farouk has inaugurated the 2024 Nebu Expo for Gold and Jewelry on behalf of Prime Minister Mostafa Madbouly.