Gold Prices Surge in Egypt, November 3, 2025
Cairo, Egypt – November 3, 2025 – Gold prices in Egypt experienced a notable increase today, November 3, 2025, reaching approximately 6,129 Egyptian pounds per 24-karat gram amidst ongoing market fluctuations. The price movement follows a period of volatility in morning trading,with the international spot price for an ounce of gold currently around $4,026.
The rising cost of the precious metal impacts both investors and consumers in Egypt, where gold is traditionally viewed as a safe-haven asset and a popular store of value. Recent gains-october saw a 3.7% increase, peaking at a record $4,381 per ounce-are fueled by geopolitical tensions and sustained demand from central banks. Analysts predict continued upward pressure,potentially pushing 21-karat gold to 5,500 Egyptian pounds in the near future.
HereS a breakdown of current gold prices in Egypt as of November 3, 2025:
* 24 Karat: 6,129 pounds
* 21 Karat: 5,363 pounds
* 18 Karat: 4,597 pounds
* Gold Pound: 42,904 pounds
The market is closely watching the actions of the U.S. Federal Reserve. Recent interest rate hikes-a quarter of a degree-and Chairman Powell’s cautious statements regarding future rate reductions contribute to economic uncertainty, further bolstering gold’s appeal as a hedge against inflation and economic instability. Continued closure of the US government also adds to the cautious outlook.
