Gold prices Rebound in Egypt Following US Interest Rate Decision
Cairo, Egypt – October 23, 2025 – Gold prices in Egypt reversed wednesday’s downward trend, rising sharply today as the impact of a US Federal Reserve interest rate cut began to stabilize. The price of 21 karat gold reached 5,510 Egyptian pounds for purchase, including workmanship, according to reports from local markets.
The fluctuation follows a significant drop in gold prices yesterday, triggered by a strengthening US dollar after the Federal Reserve announced a 25 basis point reduction in interest rates, bringing the range to 4% – 4.25%. This marked the first rate cut as the beginning of 2025 and the first during the tenure of US president Donald Trump. The move, responding to mounting pressure from the President, impacts investors and consumers across egypt, where gold is a traditional store of value and a popular investment.
As of today, October 23, 2025, gold prices across various calibers are as follows: 24 karat gold is trading at 6,297 pounds, while 18 karat gold is available for 4,722 pounds. The gold pound currently stands at 44,080 pounds.
The Federal Reserve,led by Chairman Jerome Powell,had maintained a steady interest rate for several meetings prior to this week’s decision. The cut reflects a complex economic landscape, balancing presidential pressure with cautious assessments of economic indicators. Analysts will be closely watching for further signals from the Fed regarding future monetary policy.
