Gold prices closed higher by 85 Egyptian pounds per gram, driven by a strong global surge in gold above $4670 per ounce, pushing local prices to record their highest historical levels.
Today’s gold prices in Egypt:
– 24 karat: 7135 pounds
– 21 karat: 6245 pounds
– 18 karat: 5354 pounds
– Gold pound: 49960 pounds
This rise was supported by increasing demand for gold, following an announcement of the United States’ intention to impose a 10% tariff on goods from some affected countries starting February 1st, which would rise to 25% by June if no agreement is reached.
The targeted countries include France, Germany, the United Kingdom, along with a number of Northern European nations. This has heightened tensions and disputes related to the conflict over the future of the Arctic island belonging to Denmark, driving investors towards gold as a safe option.
Egypt
Egypt, home to one of the world’s oldest civilizations, is famed for the ancient pyramids of Giza and the Great Sphinx, which date back over 4,500 years. Its rich history spans pharaonic kingdoms, Greco-Roman rule, and Islamic caliphates, centered along the life-giving Nile River. Modern Egypt remains a major cultural and political hub in the Arab world, with Cairo as its bustling capital.
United States
The United States is a federal republic founded in 1776 after declaring independence from Great Britain, with its modern government established by the Constitution in 1789. Its history encompasses westward expansion, the Civil War, industrialization, and its emergence as a global superpower in the 20th century. The nation is defined by its diverse population, democratic ideals, and significant cultural and economic influence worldwide.
France
France is a Western European nation with a rich history shaped by Celtic, Roman, and Frankish influences, evolving from a monarchy into a leading republic. It is globally renowned for its cultural landmarks like the Eiffel Tower and Louvre Museum, as well as its profound impact on art, philosophy, and cuisine.
Germany
Germany is a country in Central Europe with a complex history, having been a collection of states for centuries before unifying in 1871. It was a central power in both World Wars and was divided into East and West Germany during the Cold War before reunifying in 1990. Today, it is known for its influential cultural contributions in philosophy, music, and science, and is a leading economic and political force in the European Union.
United Kingdom
The United Kingdom is a sovereign state in northwestern Europe, formed through the political union of England, Scotland, Wales, and Northern Ireland over centuries, with the Acts of Union in 1707 creating the Kingdom of Great Britain and the 1801 union incorporating Ireland. It is a constitutional monarchy with a rich history as a global empire and a major center of the Industrial Revolution, profoundly influencing world politics, economics, and culture.
Northern Europe
Northern Europe is a geographical and cultural region encompassing countries such as Denmark, Finland, Iceland, Norway, and Sweden, often including the Baltic states and parts of the British Isles. Historically, it is deeply shaped by the Viking Age, which from the late 8th to 11th centuries established extensive trade routes, settlements, and cultural influence across Europe and the North Atlantic. The region later developed distinct social models and has a rich heritage in Norse mythology, medieval kingdoms, and Lutheran Protestantism.
Arctic
The Arctic is the northern polar region encompassing the Arctic Ocean and surrounding lands, historically inhabited by Indigenous peoples like the Inuit for thousands of years. Its modern history is marked by exploration and scientific research, though it faces significant environmental changes due to climate change.
Denmark
Denmark is a Scandinavian country in Northern Europe with a rich history dating back to the Viking Age, when it was a major seafaring power. Today, it is known for its constitutional monarchy, modern welfare society, and cultural landmarks like the Tivoli Gardens and Kronborg Castle, the setting of Shakespeare’s *Hamlet*.
Zamalek
Zamalek is an affluent district located on Gezira Island in the Nile River within Cairo, Egypt. Historically developed in the late 19th and early 20th centuries, it was originally home to many foreign diplomats and elites, featuring architecture from that colonial era. Today, it is known for its upscale residences, embassies, cultural venues like the Cairo Opera House, and lush, quiet streets contrasting with the bustle of central Cairo.
Egypt Cup
The Egypt Cup is the premier domestic knockout football competition in Egypt, first held in 1921. It is organized by the Egyptian Football Association and features clubs from across the country competing in a single-elimination tournament, with Al Ahly being its most successful team historically.
