The price of gold in Egypt today

gold Prices⁣ in Egypt Surge⁢ to New Heights⁣ Amid Global Rally

Cairo, Egypt – September 14, 2025 – Gold prices in Egypt have continued their upward ‍trajectory, reaching new peaks this past week, driven by strong performance in the global market. Despite fluctuations in the exchange rate between the Egyptian pound⁢ and the US ⁤dollar, local gold prices have remained resilient, benefiting⁢ from the overall bullish trend internationally.

According to​ Ihab Wasef, President⁤ of the Gold Division⁢ and Precious Metals at the⁢ Federation of industries, the gains were directly⁣ supported⁤ by record highs in global ‌gold⁤ standards.

Here’s a breakdown of current gold prices in​ Egypt (as of September 14, 2025):

* 24 carat: 5,600 Egyptian pounds per gram
* 21 Carat: 4,900 Egyptian pounds per gram
* 18 carat: 4,200 Egyptian pounds per gram
* Gold Pound: 39,200 Egyptian⁣ pounds

the weekly report⁣ from the Gold Division indicates a 0.7% increase ‌in the price of 21-carat gold, closing at 4,895 Egyptian pounds per gram, up from 4,860 pounds at the beginning of the week.Throughout the⁤ week, 21-carat ⁢gold reached a high of 4,915 pounds per ⁤gram and a low‍ of 4,845 pounds ⁤per gram.

Global Factors ​Fueling the Rise

Wasef attributes the surge in local prices to the important rise in⁤ global gold prices, with the price of‌ an ounce​ settling above $3,600. the global price even briefly touched a‍ historical high of ​$3,674 before stabilizing in the $3,640 – $3,650 range per ounce.

The Gold Division Head emphasized that these developments are… (article abruptly ends here ‌in source)

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Gold Prices Forecast to Reach $3900 Per Ounce by mid-2025 Amid Geopolitical and Economic Uncertainty

Global gold⁣ prices are poised for continued⁢ ascent, potentially reaching $3900 per⁤ ounce‍ by mid-2025, according​ to recent⁣ analysis. this projection is fueled by a confluence of factors including escalating geopolitical tensions in the⁤ Middle East,⁤ the ongoing‌ conflict in⁣ Ukraine, and ‌concerns surrounding potential interference with the Federal ReserveS monetary policy. increased investment flows into⁤ gold-backed exchange-traded funds⁤ (ETFs) ⁢further support the bullish‍ outlook.

The anticipated price surge impacts investors, central banks, and the broader global⁢ economy. ⁤Gold⁣ is⁢ traditionally viewed as a safe-haven asset during times of uncertainty, and heightened ‍geopolitical​ risk typically drives demand. A⁢ sustained rise⁢ in ​gold prices could signal deeper anxieties about economic stability and potentially influence​ inflation expectations. The World ​Gold Council reported⁢ that global gold-trading investment funds experienced inflows for the third consecutive month in August, primarily driven by Western funds.

In August alone, ‍global gold-backed ​investment funds ‌attracted $5.51 billion, extending a three-month streak of positive flows. Assets under management in these funds reached‌ a new peak at the month’s end.⁤ Despite these inflows, average daily trading volumes remained relatively stable at⁢ approximately⁢ $290 billion.⁣

These developments occur ⁢alongside reports alleging⁤ attempts to influence the Federal reserve, including efforts to remove bank member Lisa Cook. The combination of these ‍factors creates a favorable ⁤environment for gold, reinforcing expectations of continued ⁣price appreciation.

gold prices ‍continued⁤ their upward trajectory this week,reaching a⁤ new ancient ⁢high amid growing market anticipation of ‌interest rate cuts by the U.S. ‌Federal⁤ Reserve. the precious metal has now experienced four consecutive ‍weeks of gains, bolstered by economic data suggesting a potential slowdown in the American economy.

The surge in gold’s value‍ impacts investors, central banks,‍ and consumers alike, as it serves as a⁤ traditional safe-haven asset during‌ times of economic ⁣uncertainty. ‌Further declines in U.S. interest rates are expected to fuel continued demand, potentially driving prices even higher.

Here’s a snapshot of today’s gold prices in‍ Egypt:

* 24-karat: 5,600 Egyptian pounds per gram
* 21-karat: 4,900 Egyptian pounds‍ per‍ gram
* 18-karat: 4,200 Egyptian pounds per gram
* Gold‌ pound: ⁤39,200 Egyptian pounds

Globally, the price of an ounce of gold increased by 1.6% over the past week,peaking at $3,674 – a record high. Trading opened at $3,591 per ounce and closed the week‍ at $3,643, according to ‌analysis from Pelion’s ‍skins.

As the beginning of 2025,gold ⁣has risen by 40%,driven by expectations of forthcoming‌ rate reductions by the Federal ​Reserve. Lower interest rates​ diminish the possibility cost of⁤ holding gold, as returns on government bonds and ⁣the dollar weaken, making gold a more attractive investment.

Recent U.S. economic data, ⁤including a rise in unemployment applications and a revision ‌indicating ‌a loss of 911,000 jobs compared to the previous year, points to slowing economic momentum ⁤in the United States.

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.