Latest news with #iSagha
Zawya
a day ago
- Business
- Zawya
Gold prices in Egypt collectively fall on Sunday
Arab Finance: The gold prices in Egypt retreated on Sunday, with the 24-karat gold recording EGP 5,257.25 per gram for buying and EGP 5,285.75 for selling, as per iSagha's data. Also, the 22-karat gold price declined to EGP 4,819 for buying and EGP 4,845.25 per gram for selling. The 21-karat gold price stood at EGP 4,600 per gram for purchasing and EGP 4,625 for selling. Likewise, the 18-karat gold price fell to EGP 3,942.75 per gram for buying and EGP 3,964.25 for selling. The gold pound's price amounted to EGP 36,800 for purchasing and EGP 37,000 for selling. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Zawya
22-07-2025
- Business
- Zawya
Gold prices in Egypt down on Monday
Arab Finance: The gold prices in Egypt fell on Monday after the 24-karat gold recorded EGP 5,314.25 per gram for purchasing and EGP 5,337.25 for selling, according to iSagha's data. Likewise, the 22-karat gold price dropped to EGP 4,871.5 for buying and EGP 4,892.5 per gram for selling. The 21-karat gold price went down to EGP 4,650 per gram for purchasing and EGP 4,670 for selling. Meanwhile, the 18-karat gold price slipped to EGP 3,985.75 per gram for buying and EGP 4,002.75 for selling. The gold pound's price recorded EGP 37,200 for purchasing and EGP 37,360 for selling. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
21-07-2025
- Business
- Zawya
Gold prices in Egypt record collective rise on Sunday
Arab Finance: The gold prices in Egypt collectively increased on Sunday, with the 24-karat standing at EGP 5,285.75 per gram for purchasing and EGP 5,314.25 for selling, iSagha's data showed. The 22-karat gold price climbed to EGP 4,845.25 for buying and EGP 4,871.5 per gram for selling. Meanwhile, the 21-karat gold price rose to EGP 4,625 per gram for purchasing and EGP 4,650 for selling. The 18-karat gold price hit EGP 3,964.25 per gram for buying and EGP 3,985.75 for selling. Finally, the gold pound's price recorded EGP 37,000 for purchasing and EGP 37,200 for selling. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
16-07-2025
- Business
- Zawya
Gold prices in Egypt collectively drop on Tuesday
Arab Finance: The gold prices in Egypt registered a collective drop on Tuesday, with the 24-karat falling to EGP 5,291.5 per gram for purchasing and EGP 5,320 for selling, iSagha's data showed. The 22-karat gold price also declined to EGP 4,850.5 for purchasing and EGP 4,876.75 per gram for selling. Meanwhile, the 21-karat gold fell to EGP 4,630 per gram for buying and EGP 4,655 for selling. The 18-karat gold price amounted to EGP 3,968.5 per gram for purchasing and EGP 3,990 for selling. The gold pound's price recorded EGP 37,040 for buying and EGP 37,240 for selling. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
See - Sada Elbalad
13-07-2025
- Business
- See - Sada Elbalad
Gold Gains EGP 920 Since Start of the Year as Escalating Risks Support Continued Price Growth
Waleed Farouk Gold prices in Egypt's local markets rose by approximately 0.4% during the week ending Saturday evening, in parallel with a 0.5% increase in global ounce prices. This was supported by a weaker U.S. dollar and political statements from President Donald Trump, which have heightened fears of a global trade war, according to a report from iSagha, an online platform specializing in gold and jewelry trading. The price of 21-karat gold increased by EGP 20 over the past week, starting at EGP 4,640 per gram and closing at EGP 4,660. On global markets, the gold ounce gained $18, rising from $3,337 to $3,355. Other gold prices in the local market,24K gold: EGP 5,326 per gram,18K gold: EGP 3,994 per gram,14K gold: EGP 3,107 per gram, Gold pound: EGP 37,280. The local market remained relatively stable on Saturday, coinciding with the weekend closure of global exchanges. The 21K gold gram opened trading at EGP 4,660, dipped to EGP 4,650, then returned to close at the opening level. Gold prices in local markets have surged by about 25%—an increase of approximately EGP 920—since the beginning of 2025. The 21K gold gram opened the year at EGP 3,740 and ended last week at EGP 4,660. Globally, the ounce rose by nearly 28%, gaining $731 over the same period. It opened the year at $2,624, reached a historic high of $3,500 on April 22, and closed last week at $3,355. Egypt's policy of devaluing the pound against the dollar, aimed at curbing high inflation and addressing the dollar shortage, has contributed to the rise in local gold prices. This comes in addition to global factors such as geopolitical tensions, strong central bank gold purchases, the declining U.S. dollar, eroding confidence in the dollar as the dominant reserve currency, and the controversial fiscal and trade policies enacted by President Trump. Trump's recent trade policies—including 35% tariffs on Canadian goods and raising overall tariffs on most trade partners from 10% to 15–20%, alongside a 50% tariff on copper imports—are expected to push gold prices even higher in the coming period. Meanwhile, Austan Goolsbee, President of the Federal Reserve Bank of Chicago, stated that he does not understand the arguments in favor of lowering interest rates to reduce government debt, reaffirming that the Fed's core mandate is to promote employment and maintain price stability. Looking ahead, markets are awaiting several key U.S. economic indicators next week, including the June Consumer Price Index (CPI), retail sales data, and initial jobless claims, in addition to a series of Federal Reserve officials' speeches before the pre-meeting blackout period begins on July 19. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
