Gold Prices Steady in Egypt After Trump’s Surprise Tariff Move – 21K Holds at EGP 4,620”
Gold prices in Egypt opened Sunday’s trading session steady, following Saturday’s gains that saw the benchmark 21-karat gold settle at EGP 4,620 per gram (approximately USD 95). The price of a gold sovereign reached EGP 36,960.
The latest uptick came after a surprise announcement from U.S. President Donald Trump’s administration on Friday, imposing tariffs on imports of one-kilogram gold bars. The move is part of a broader effort to pressure Switzerland—the world’s largest gold refining hub—with a 39% customs duty.
In recent weeks, gold prices have fluctuated sharply amid uncertainty surrounding Trump’s new tariffs. The yellow metal remains a popular safe-haven asset for Egyptians, particularly against a backdrop of currency volatility and ongoing geopolitical tensions in the Middle East.
Current Gold Rates (According to iSagha, Excluding Making Charges)
24K: EGP 5,280 (sell), EGP 5,251 (buy)
22K: EGP 4,840 (sell), EGP 4,814 (buy)
21K (most traded): EGP 4,620 (sell), EGP 4,595 (buy)
18K: EGP 3,960 (sell), EGP 3,938 (buy)
14K: EGP 3,080 (sell), EGP 3,063 (buy)
12K: EGP 2,640 (sell), EGP 2,626 (buy)
9K: EGP 1,980 (sell), EGP 1,969 (buy)
Gold Sovereign: EGP 36,960 (sell), EGP 36,760 (buy)