The price of gold in Egypt Today, Friday, May 2, 2025
The global price of gold
Gold prices rose on Friday near the levels of 3259 dollars per ounce, with the US dollar falling during the current period, as the precious metal compensated for some of the loss incurred during the week, but it is on its way to record a weekly loss so far for the second week in a row.
With the fall in the price of gold to the levels of 3,200 dollars per ounce, it made it an attractive price for investors to start buying bullion, as the outlook remains positive for gold, due to the volatility of the administration of US President Trump and the slowdown of the US economy.
Today, the wait turns to the US economy, where we have the most important data of the week, namely the NFP government jobs data.
The price of gold in Egypt
Gold prices rose in Egypt on Friday, with the 21st highest traded gold in Egypt now trading at levels of 4665 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5331 pounds, while 18-carat gold is trading at levels of 3999 pounds per gram.
On the other hand, the price of the dollar minted in Egypt fell today to the levels of 50.80 pounds, while the dollar rate in official banks inside Egypt did not move from the levels of 50.86 pounds, and also the dollar rate in the black market at the levels of 51.12 pounds.
