The price of gold in Egypt

Gold Prices Steady in Egypt, Trading at £5968 per gram

Cairo,⁣ Egypt – August 29, 2025 – The price of 24-carat gold in Egypt remained stable today, Saturday, at £5968 per gram, according to market analysis. Globally, gold prices continued their upward trend, marking the seventh consecutive week​ of gains, fueled by expectations of further US interest rate cuts adn concerns surrounding the potential economic fallout from a prolonged US government shutdown.

World gold prices saw a slight increase today, rising 0.2% to reach a high of $3865 per ounce, opening at $3857 and currently trading at $3864, as per Gold‍ Pelion’s ⁤analysis. As⁣ the ‍beginning of the week, gold has increased by 2.8%, poised to record its seventh straight week of gains after​ hitting a​ new ancient ⁣high ⁤of $3897 per ounce yesterday.

Recent trading sessions have seen more subdued movements in⁤ gold,coinciding with increased demand for riskier assets like ⁢equities,which have benefited from optimism ⁣surrounding artificial⁢ intelligence and anticipated reductions in US interest rates. This has led to a decrease in ‍demand for safe-haven assets like gold.

Despite concerns about the US government shutdown, markets have largely dismissed its potential impact, citing limited effects from previous closures. However, gold has benefited from the uncertainty, maintaining gains near yesterday’s record high. The shutdown is expected to delay the release of key economic data, including⁢ the non-agricultural jobs ⁣report scheduled for Friday. Preliminary data suggests a potential weakening of the US labor market in September, with a possible slowdown and stable unemployment rates.

Analysts anticipate that ⁤continued easing of monetary policy by the Federal Reserve will further support gold prices in the coming months, ⁢possibly driving them to the psychological threshold of $4000 per ounce by year-end.Investors currently assign a 97% probability to a 25-basis-point interest rate reduction ⁣in October and an 88% probability for a similar cut in December.

Lori Logan, President of the Federal Reserve Bank of Dallas, stated​ the Federal Reserve has already taken preventative measures against‍ labor market deterioration ⁢by lowering‌ interest rates last month, but cautioned the need for ‍continued vigilance.

Gold Reaches ‌5782 Egyptian Pounds Per Gram⁣ Amid Global Economic Uncertainty

Cairo, Egypt – September ⁤27, 2025 – The price​ of 24-karat gold in Egypt reached 5782 Egyptian pounds per gram today, maintaining levels near its ‌ancient high. Investors are closely monitoring global developments, including anticipated ‌American inflation data and recent U.S. Federal decisions regarding interest rates, driving continued demand ‌for the precious ⁢metal.

This surge in gold prices impacts​ both individual savers and the broader Egyptian economy. As a traditional safe-haven asset, gold’s strength reflects anxieties surrounding global market volatility ‌and new ⁣U.S. customs duties. The 24-karat standard is particularly significant in Egypt, serving as the benchmark for alloys, gold ‍currencies, and long-term‌ investment strategies. The coming release⁢ of U.S. personal ⁢consumption expenditure ⁢data-a key inflation indicator for the Federal Reserve-is expected to further influence gold’s trajectory in ⁤the Egyptian ⁤market.

Currently, other gold purities are trading as follows: 21-karat gold is priced at 5060 Egyptian pounds, 18-karat gold at 4337.25 Egyptian pounds,and ⁤14-karat gold at 3373.25 Egyptian pounds. ‍A gold ⁢pound currently costs 40480 Egyptian pounds.

Globally, onsal gold stabilized at $3745, fluctuating within a ​narrow range of $3734 to $3754, influenced by U.S. Federal Reserve policy.Despite​ a strengthening U.S. ‌dollar reaching a three-week high, gold prices remain resilient, fueled by ongoing ⁢global economic uncertainty.