Fell The price of gold in Egypt During the evening trading today, Tuesday, July 8, 2025, about 15 pounds, with global gold falling below 3300 dollars.
These developments come at a time when the local market is witnessing a state of anticipation for decisions The Central Bank of Egypt Regarding interest rates, amid fluctuations in the dollar exchange rate and increased inflation rates, which increases Caution for dealers in the gold market.
Gold prices in Egypt today, Tuesday:
24: 5,286 pounds.
– 21 caliber 4,625 pounds.
18 caliber: 3,964 pounds.
– The price of the gold pound (8 grams of 21 carat): 37,000 pounds.
A possible decline in gold prices despite the slight gains
Although 21 carat gold achieved a slight increase during the past week by 0.43% (equivalent to 20 pounds), the general trend during the last hours indicates selling pressure as a result of the global market transformations, which threatens a possible decline if the current effects continue without local intervention.
In a controversial statement made by US President Donald Trump, he announced that the United States would notify a number of countries within days to start imposing new customs duties, provided that these increases enter into force as of August 1.
He pointed out that some of these fees will be imposed by an additional 10% on the countries that he described as “anti -American interests and the BRICS group”, without specifying these policies or countries concerned.
The market is awaiting the central bank’s decision on interest rates, which will have a direct impact on gold movements, as raising interest may enhance the attractiveness of the Egyptian pound and debt tools, while reducing them may push investors to go to gold as a hedge of inflation.
