Gold prices in Egypt on Saturday, June 21, 2025, showed relative stability in local markets, amid widespread anticipation from citizens and investors following a noticeable decline in prices in recent days and a slight recovery late yesterday. The local market movements coincide with significant global changes, including heightened geopolitical tensions and fluctuations in oil prices.
According to the average gold price in Egypt on Saturday, June 21, 2025:
– 24-carat gold was priced at 5457 EGP for selling and 5434 EGP for buying.
– 22-carat gold was priced at 5002 EGP for selling and 4981 EGP for buying.
– 21-carat gold (the most traded in the market) was priced at 4775 EGP for selling and 4755 EGP for buying.
– 18-carat gold was priced at 4093 EGP for selling and 4076 EGP for buying.
– 14-carat gold was priced at 3183 EGP for selling and 3170 EGP for buying.
The price of a gold pound, weighing 8 grams of 21-carat gold, stabilized at 38200 EGP for selling and 38040 EGP for buying, despite losing over a thousand EGP in value last week, reflecting market volatility.
Globally, the price of an ounce of gold reached approximately 3365.32 USD, indicating a relatively strong performance for the precious metal amid rising geopolitical tensions in the Middle East. Global gold prices are a key indicator that directly impacts the local market, as Egyptian gold is tied to the ounce price and the USD exchange rate against the EGP.
In exclusive statements to the ‘Al-Horreya’ website, economic expert Dr. Waleed Gab Allah noted that gold remains a safe haven for capital during crises and market instability. He highlighted that gold has risen significantly in recent years due to the impacts of the COVID-19 crisis and geopolitical conflicts. He added that the ongoing tensions could sustain gold’s upward trend.
Market analysts suggest that prices may fluctuate significantly in the coming period, with a slight upward trend if geopolitical tensions escalate or a noticeable decline if the situation stabilizes. Many investors currently prefer to wait before purchasing, anticipating potential sudden sell-offs that could affect price stability.
— news from Website Al-Horreya
— News Original —
Gold Prices in Egypt on Saturday, June 21, 2025: Economic Expert Predicts Possible Increase Amidst Geopolitical Tensions
The article discusses gold prices in Egypt on June 21, 2025, noting relative stability amid global tensions and fluctuating oil prices. It provides detailed pricing for various gold carats and includes insights from an economic expert on gold as a safe-haven asset during crises. The piece also explores potential market fluctuations based on geopolitical developments.