Gold Surges to Record Highs in Egypt, Global markets on 2025/09/10
Cairo, Egypt – Gold prices in Egypt experienced a significant jump on Wednesday, September 10, 2025, reaching 4900 egyptian pounds for 21-karat gold, while the gold pound registered 39,200 pounds. The surge mirrors unprecedented gains in the global market, fueled by economic uncertainty and political factors impacting U.S. monetary policy.
This dramatic increase impacts investors, jewelers, and consumers across egypt, perhaps reshaping purchasing power and investment strategies. The escalating price of gold reflects growing anxieties about the global economic outlook and the independence of the U.S. Federal Reserve, with some analysts predicting further increases.
According to reports, 24-karat gold now trades at 5600 Egyptian pounds, and 18-karat gold is valued at 4200 Egyptian pounds. Simultaneously, the global price of gold opened at a record level exceeding $3,644 per ounce.
Ehab Wasef, President of the Division of gold and Minerals, explained in a weekly report that the price hike is a direct result of developments in the international market.Gold reached an unprecedented $3650 per ounce, driven by increasing expectations of reduced American interest rates, coupled with weak economic data and concerns regarding political interference with the Federal Reserve by U.S. President Donald Trump.
Wasef further noted that major financial institutions, such as Goldman sachs, anticipate continued gains, suggesting gold coudl reach $5,000 per ounce if political pressure on the federal Reserve persists and compromises its ability to make independent monetary decisions.
