In a sudden shift that caught investors off guard, gold prices in Sudan recorded a strong surge on Monday, driven by a global rally in the precious metal amid growing demand for safe-haven assets and expectations of U.S. interest rate cuts.
According to data obtained by Al-Rai Al-Sudani, the price of an ounce of gold (28 grams) climbed to $3,807.86, marking an increase of $47.61 within 24 hours — one of the largest single-day jumps since the beginning of 2025.
The spike was reflected across all local categories:
- 24K gold: $122.43 per gram
- 22K gold: $112.22 per gram
- 21K gold (most traded): $107.12 per gram
- 20K gold: $102.02 per gram
- 18K gold: $91.82 per gram
Local markets in Khartoum showed a state of cautious anticipation, as video footage from jewelry shops revealed slower consumer activity, with traders questioning whether the upward trend would continue.
Economic observers attributed the rally to rising global economic uncertainty and investor demand for gold as a safe asset, particularly amid expectations that the U.S. Federal Reserve will cut interest rates, weakening the dollar and boosting gold’s international appeal.
Analysts predict the uptrend may continue in the coming weeks, fueled by geopolitical tensions and financial market volatility, which could reshape the dynamics of regional precious metals trading.
