The price of gold in Egypt Today, Friday, May 23, 2025
The global price of gold
Gold is heading for weekly gains of more than 3% to the levels of 3330 dollars per ounce, supported by the decline in the US dollar and concerns about the country's financial and economic prospects.
The focus has shifted this week to the US fiscal outlook after the House of Representatives passed President Trump's proposed tax and spending bill, which analysts say could significantly inflate the government's deficit in the coming years.
The price of gold in Egypt
Gold prices rose in Egypt Today, Friday, where the 21st highest traded gold in Egypt is now trading at levels of 4660 pounds.
The price of 24-carat gold in Egypt also recorded levels of 5326 pounds, while 18-carat gold is trading at levels of 3994 pounds per gram.
On the other hand, the price of the dollar minted today in Egypt reached the levels of 49.80 pounds, while the dollar price in official banks inside Egypt is trading at the levels of 49.95 pounds, but the dollar price in the black market rose slightly to the levels of 50.21 pounds.
